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Welcome to Shangri-La.Parody of technical analysis is useful--for entertainment purposes only.
pjv:I have had very good results with technical analysis in determining past price movements of individual stocks or indexes. In fact, technical analysis is almost foolproof in relation to the past. Works for me.Give it a try.
Excellent point. I just read Barton Biggs' book, he has a picture of an empirical "average mania curve" that has been honed to fit the 2000 bubble very well, only 5 years after the fact.