Since the issue is quantification, not direction, a great example to consider is Doug’s prediction about personal consumption from a year ago. He had this impressive chart with a distinctive pattern that we called “Batman” around our office. The time period and the scales had been adjusted to give a false illusion of a strong correlation. Here is the original chart.
Comment: I actually don't believe that this is a hoax. I know people who really believe that stocks show this pattern. People believe lots of silly things about stocks. Those beliefs are the basis of most technical analysis. They are wrong (most easily demonstrated by the fact that they're not rich) but they are sincere in their beliefs.
Comment Looks like an interesting hoax, but it might be an article that would have been kept if there were even one source for the claims. Imagine if this were true! You would know exactly when you needed to sell on the Netherlands Stock Exchange. "Royal Dutch Shell hit its second spike in prices, a sure sign that the price is about to...'batman'. Panic is reported in Amsterdam...and Gotham City."
Comment: I actually don't believe that this is a hoax. I know people who really believe that stocks show this pattern. People believe lots of silly things about stocks. Those beliefs are the basis of most technical analysis. They are wrong (most easily demonstrated by the fact that they're not rich) but they are sincere in their beliefs.
Comment Looks like an interesting hoax, but it might be an article that would have been kept if there were even one source for the claims. Imagine if this were true! You would know exactly when you needed to sell on the Netherlands Stock Exchange. "Royal Dutch Shell hit its second spike in prices, a sure sign that the price is about to...'batman'. Panic is reported in Amsterdam...and Gotham City."
Hier staat de keiharde waarheid ook het antwoord waarom de TA ers zolang blijven beleggen ze worden nooit rijk terwijl ze dat wel pretenderen of denken te worden. Volgens mij is de batman begonnen op IEX als een geintje,nu schrijven analisten al serieus over dit patroon. Je blijft lachen.
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