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Re:Is technical analysis just stock market astrology? by paxys on Tuesday July 25, 2023 @12:24PM (#36864815)
It's a lot more simple than that. You don't need to discover aliens to move the market in unexpected ways. A crop failure halfway across the world, a border skirmish between two countries, discovery of a new oil reserve, a tech company not selling as many phones as anticipated in a quarter...all have ripple effects through the economy and can screw all market projections. Stuff like this happens every month.

If you want to use math and statistics to get an edge in the market then become a quant trader. People who aren't smart enough for that but want to feel smart get into "technical analysis".

Re:Is technical analysis just stock market astrology? by PartiallyTyped on Tuesday July 25, 2023 @12:42PM (#36865198)
Cicada populations in two different countries emerge the same year, decimating sesame crops while Indonesian crops remain unscathed and the futures shoot through the roof.

Yet, similarly to brownian motion, the thousands of events that cooccur more or less cancel each other out in the grand scheme of things.

Re:Is technical analysis just stock market astrology? by overtomanu on Tuesday July 25, 2023 @02:56PM (#36867574)
From : Peter Gregory "Cicadas" - silicon valley

https://www.youtube.com/watch?v=kxh2X6NjuhY