(1) Technical Analyst expresses weird meaningless idea “Z”.
(2) Technical Analyst presents vague poorly defined term “X”
(3) Technical Analyst presents a small part of a larger concept and explains it as if this is the entire concept (“Y”).
(4) Technical Analyst asserts without justification or proof that Z = X + Y.
(5) So Technical Analyst is wrong both in his premises, in his implicit assumptions about the connections between the premises, and in his overall conclusion.
(5) Technical Analyst does this over and over again in a tricky way that most people won’t think to question, because he “sounds” scientific and knowledgeable.
tl:dr of tl;dr: Technicals Analyst’s ideas are not even wrong. They’re just scientific-sounding gibberish.
To be clear, there are some hedge-fund and high-finance types at the Big Banks who use parts of TA that can be useful in context alongaide fundamentals and access to proprietary algorithms (and usually insider information to which most people aren’t privy).
tl;dr:
(1) Technical Analyst expresses weird meaningless idea “Z”.
(2) Technical Analyst presents vague poorly defined term “X”
(3) Technical Analyst presents a small part of a larger concept and explains it as if this is the entire concept (“Y”).
(4) Technical Analyst asserts without justification or proof that Z = X + Y.
(5) So Technical Analyst is wrong both in his premises, in his implicit assumptions about the connections between the premises, and in his overall conclusion.
(5) Technical Analyst does this over and over again in a tricky way that most people won’t think to question, because he “sounds” scientific and knowledgeable.
tl:dr of tl;dr: Technicals Analyst’s ideas are not even wrong. They’re just scientific-sounding gibberish.
Wow, that means..
I am a Technical Analyst.. You are a TA.. Everybody is a TA!
ROTFLMAO! We are all some form of TA then--Technical Assholes.
To be clear, there are some hedge-fund and high-finance types at the Big Banks who use parts of TA that can be useful in context alongaide fundamentals and access to proprietary algorithms (and usually insider information to which most people aren’t privy).
This ain’t that.
Wow finally something I've been looking to see expressed. Very true about the use of fundamentals. Thanks!
I guess lots of insider info.
I need to rewatch Billions..
:)
Thanks for the Infos!