Technical Analysis

[AdrianC]

Thought I'd share a great post by Nisiprius on Bogleheads:

https://www.bogleheads.org/forum/viewtopic.php?f=10&t=212186&p=3258207#p3258207

This test will tell you whether or not you should use technical analysis in the management of your own investments.

:-)

[Indexer]

My way of looking at it...

If you can see the people then you shouldn't use technical analysis.

If you see rocks then you are safe to use technical analysis, but you will find it to be meaningless.

[AdrianC]

I'm not trying to defend technical analysis, but I can't see anything but a bunch of rocks no matter how hard I try to see people in that picture. Really undermining his argument there...

I just had Mrs C look at it. I said look at this picture, it's just a bunch of rocks. She said: "Looks like three people talking. That one's leaning up against a rock."

It's just a bit of fun. Technical analysis is total bunk.