Why technical 'analysis' is garbage (explained by a quant developer)
Technical analysis, if you can even call it a form of analysis, is total garbage. Here's why. www.codingjesus.com Stock prices follow a random walk: 1) htt...
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About this video
Technical analysis, if you can even call it a form of analysis, is total garbage. Here's why.
www.codingjesus.com
Stock prices follow a random walk:
1) https://web.williams.edu/Mathematics/sjmiller/public_html/341/handouts/Fama_RandomWalksStockPrices.pdf
2) https://www.tandfonline.com/doi/abs/10.2469/faj.v51.n1.1861
3) https://thescipub.com/pdf/jmssp.2010.342.346.pdf
Noise Trading and "Illusionary Correlation" in US Equity Markets: https://academic.oup.com/rof/article-abstract/17/2/625/1596704?redirectedFrom=fulltext
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