Is technical analysis just stock market astrology?

Re:Is technical analysis just stock market astrology? by username332211 on Tuesday July 25, 2023 @04:19PM (#36868756)

The thing is there's no reason why new patterns can't exist, created by the patterns of the HFTs, who could create new profit opportunities for other HFTs or day-traders.

Now, perhaps each new generation of patterns would have diminishing returns over the previous generation. My intuition is that this almost certainly true. But either an argument or evidence has to exist for it and I'm not aware of any.

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Re:Is technical analysis just stock market astrology? by ImPostingOnHN on Tuesday July 25, 2023 @04:23PM (#36868817)

> The thing is there's no reason why new patterns can't exist, created by the patterns of the HFTs, who could create new profit opportunities for other HFTs

correct, exactly what I'm saying, any opportunities, including those derived from other opportunities being seized, would themselves be seized by such deep pockets and HFT firms

> ...or day-traders.

unfortunately I doubt it, due to the above

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