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MJ DeMarco
I followed the science; all I found was money.
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Is technical analysis real?
- A price chart pattern is a visual history of human buying/selling activity.
- Human behavior often repeats vs deviates.
- Trends often continues over reverse.
- Therefore I believe some technical analysis has substantial merit, especially when the strategy can be proven to be favorably back-tested with a positive expected value.
.93 X 50 = 46.50
.07 X -120 = - 8.40
Expected Value = $38.10