Tuesday, July 24, 2007 1:56:30 PM
I teach Statistics at a private Univeristy in New York...
All I can say is this...
analysing charts gives you an idea of the trends of the past... they are not a predicting tool... MADC is not like Regression techniques... the Fibonaci Theorem is for natural processes, not stocks... Stocks fluctuate chaoticly in the future... nobody can predict.... PPS depends on human perception on the company's value...
while analysing charts this way can help you describe and explain past performance, is it in no way a cause and a statistically significant wy to predict stock pricing in the future... there is no corelation...
Its like the weather... nobody can really predict it (although you can get some indications / hints within limitations)....
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