If you assume the technical analyst got hold of a complete sequence of transactions in a value added channel, then: Her charting i actually looking for contango in the production chain. That is why it works. My point, for years, was tht there was a minimal computational algorithm that made those straight lines, if a complete ensemble of transactions was available. The straight lines need to linearly approximate a constricted flow down the chain, so no bunching up.
Chart analyst is not wrong, in fact, their methods often define a direct recognition of hard error bounds, the same that trigger pit boss action. Locating bounds violations quickly would be pit boss advantage, and their methods seem to work.
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