Quote from Clubber Lang:
Technical analysis in a nutshell-
Ten "TA guys" look at the same chart...
Two guys see double bottom, three guys see double top, one guy sees bearish elliot wave 3 pattern, one guy sees MAC divergence, two guys see Elvis, another guy sees the dreaded dragon with foaming mouth, etc, etc..
It's all complete bullshit.
Another way to look at ET, Clubber. Evidence is all one needs and it can come from the most unexpected quarters, especially the Chitchat forum where most trading scammers would be off their guard.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=179200&highlight=cot
even the scammers' kids couldn't answer this one, whereas it was us 12-yr olds back then who could solve stuff like this on a daily basis. Me only? Heck no, I was just slightly better than average. God, how low america has sunk in the international arena AND how proud we still are in our ignorance!!
Its a fckin rapturous nighmare to watch the worst bounty hunters in existence all right here at ET and revel in their ignorance.
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reproduced here for your edification
for 12 -100 yr olds .....
Try this one - if nobody gets it, answer will be posted
1 yr from today. No hints will be given.
Starting from first principles and without the use of logarithmic tables, slide rules, computers, calculators etc., prove that
cot 7.5 degrees = sqrt 2 + sqrt 3 + sqrt 4 + sqrt 6
i.e. cotangent 7.5 degrees = square root of 2 etc.