Technical Analysis does not work, never did, never will

[NoVoodooHere]

I have thoroughly embarrassed you. You are just too stupid to understand it. Sorry for bruising your ego.

I like you, your ability to take a brutal spanking & keep that half-wit smile on; & the occasional tantrum is rather cute... I'd like to make you my pet.

 

[WeToddDid2]

I like you, your ability to take a brutal spanking & keep that half-wit smile on; & the occasional tantrum is rather cute... I'd like to make you my pet.

Hey, we get it.

You are too stupid to use TA.

Explain how they one an award for something that you say quants don't even do and that doesn't exist?

 

[NoVoodooHere]

Hey, we get it.

You are too stupid to use TA.

Explain how they one an award for something that you say quants don't even do and that doesn't exist?

It's true, I still don't understand what a quantitative award is. BTW have I not asked you four times now? Still waiting...

Thanks for your patronage

 

[WeToddDid2]

It's true, I still don't understand what a quantitative award is. BTW have I not asked you four times now? Still waiting...

Thanks for your patronage

It is true, I still don't have an answer from you how they won an award for some that you say doesn't exist.

Still waiting.....

No really. You first.

 

[NoVoodooHere]

It is true, I still don't have an answer from you how they won an award for some that you say doesn't exist.

Still waiting.....

No really. You first.

Hey now that's the spirit lad!

Perhaps at issue is the purposely ambiguously described "quantitative award", sounds like some made up cr@p to me.

You believe everything you read on the Interwebs do you?

But it's all good, I'm awarding you with the EliteTrader Best in Show Award, a-yup, right here right now. Yeah, that's a thing!

 

[carrer]

That's all well and good if it was accurate. Unfortunately, whenever you use the term probabilities it means something that can be quantified exactly-- like the house does when gambling---TA can't be quantified therefore there are no "probabilities" involved. These terms are used in error by vendors who want to make TA appear t be something it is not.

surf

You have some valid points.

However, if one could find price actions/behaviours which are recurring for over a period of time, they could be quantified. But of course, due to some element of randomness (and the past does not represent the future) in the market, there is no guarantee how long this will last. As long as it continue to work, there is no reason for a TA trader to stop exploiting the behaviour.

 

[WeToddDid2]

Hey now that's the spirit lad!

Perhaps at issue is the purposely ambiguously described "quantitative award", sounds like some made up cr@p to me.

You believe everything you read on the Interwebs do you?

But it's all good, I'm awarding you with the EliteTrader Best in Show Award, a-yup, right here right now. Yeah, that's a thing!

Do you always just make shit up an believe it?

Have you gone to the link?

The link is to the Kellogg School of Management at Northwestern University. Do you think that Kellogg regularly lies and makes up crap on a regular basis?

Here is a link to the Crowell Prize that Robert Korajczyk (Professor of Finance at the Kellogg School of Management), Kellogg alumnus Ronnie Sadka (Professor of Finance at Boston College), and Steven L. Heston (Professor of Finance at the University of Maryland) were awarded in 2009.

https://www.panagora.com/about/crowell-prize/

ADD: I probably falsely assumed that you are familiar with Kellogg. Just so you know, Kellogg is one of the most prestigious business schools in the United States. US News ranks Kellogg as the 6th best business school in the US.

ADD: I accept the award and thank you for it. Do I have to give a speech?

 

[WeToddDid2]

For your reading pleasure, here is the information from the link https://www.panagora.com/about/crowell-prize/ .

Crowell Prize

Supporting academic research that furthers the field of quantitative management is a core tenet of PanAgora. Since 2001, we have sponsored the annual Crowell Prize, providing a forum for new and cutting-edge research that connects theory and practice. We believe this interaction contributes to the continued development of the science of economics and is a vital part of the development of optimal investment strategies. Each year, PanAgora solicits submissions from dissertation-stage graduate students and faculty at accredited academic institutions, as well as from practitioners working in the field.

PanAgora’s founder, the late Dr. Richard A. Crowell, was a pioneer in the field of quantitative investing. The concepts of asset allocation, risk management and portfolio selection models were in their infancy when Dr. Crowell began his career in the early 1960s. He was one of the first investment professionals to create an asset allocation model and one of the first to show how beta could be used to evaluate risk and control portfolios. Dr. Crowell earned a Ph.D. from Massachusetts Institute of Technology in 1967, and in 1973 won the Graham and Dodd award for his paper, “Five Uses of Beta.”

 

[WeToddDid2]

In anticipation that you will make up your own reality again, a little info on Panagora Asset Management.

Founded in 1989, PanAgora (Greek for acrossmarketplace) Asset Management is a premier provider of investment solutions spanning most major asset classes and risk ranges. We manage portfolios using sophisticated quantitative techniques that incorporate fundamental insights and vast amounts of market information.

According to the link below, PanAgora has $40B AUM.

http://www.brightscope.com/financial-planning/firm/67198/Panagora-Asset-Management-Inc/

 

[Brook]

Hi,

I have one question. Can we make money if we sell 1 month Straddle after a Crash (lets say 10% crash) ?

It sounds pretty safe strategy... Since we dont expect another crash during the time being (except Volsvagen...)

If anybody has a clue, it would be helpful.