Quote from MAESTRO:
The most powerful argument one can make with regards to price charts is that there is no real way of knowing whether the chart is real or artificially created using random generators. The foundation of technical analysis lies in the fact that the ârealâ chart has an imprint of ânon-randomnessâ and, therefore could be predicted using all sorts of âtechnical analysisâ tools. However, if there are no real methods of determining whether the chart is real or not then there could never be an assurance that the chart could be used for any TA based tools. Below is the chart of an instrument. If anybody could tell me whether the chart is real or fake and why you make that conclusion I would then reconsider my statement. But I do not think so.
Cheers,
MAESTRO
P.S. Please understand that there is no possibility of creating a winning game that is played on a normally distributed stochastic set of data.
As per surf's request, the above is Maestro's challenge. (imo this relates to the question of how we define sentiment in the market)

