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Very interesting and logical way of looking at it. Never saw it that way, really. Nice post... Cheers.

http://www.nber.org/papers/w7613 Read it, and weep. For those who don't want to read it, let me summarize. Some geniuses from MIT did a study on technical analysis within Nasdaq. The results were startling. The most bullish signal, the inverse head-and-shoulders pattern, produced an...