Why Technical Analysis Is Flawed: Insights from 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) 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

1-on-1 private resume reviews and career consulting/mentoring 🗓️: calendly.com/coding-jesus

Want to join dozens of disciples and become part of The Church of Coding Jesus 🙏? https://discord.gg/ZSrHrAw

Would you like to tithe to The Church of Coding Jesus 💸? https://www.patreon.com/codingjesus

Email: thecodingjesus@codingjesus.com