Wisconsin | frytownfarmer - 9/9/2015 15:33
... hundreds of thousands of Andrews forks consistently showing an 80% chance that price will reach the median line shows price can be predictable ...
That is basically my point.
And moreover, chart analysis is based on statistical analysis of previous market action. At any given time, it is analogous to saying, "on average, given recent market price trends, this is what the market has done in the past, and will likely do in the future."
This is what needed to be said here, not "this chart proves the market is predictable." One chart alone proves nothing, and explains nothing.
Edited by KellyJ 9/9/2015 15:55
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Fundamentals always take over
