You are viewing a single comment's thread from:
RE: No, Technical Analysis is Not a "Quantum Event" - Part 2
Thanks!
I’d be lying if I didn’t admit that contrary to my usual apathy about other people’s opinions about what I write, I find myself appreciating it when you and DJ have good things to say about it.
Who woulda thought that the only opinions Id care about were the ones of the funny dick joke guys?
Ugh, I’m becoming too soft...have to go watch a genocide documentary and come back hardened and bitter...brb
In order to level up you will need to masturbate and edge yourself for 15 mins
I think fear and greed are more relatable and easier to understand than optimism and pessimism. Everyone knows greed, the desire for more, more money more food, more girlfriends, bigger breasts and asses, it's an easy descriptor to use for people that don't want to explain the nuances associated with optimism and pessimism.
I agree in theory the actual words used are irrelevant we could just as easily use cats and dogs but when dealing with money, fear of losing money and greedily wanting more money are easily relatable for masses who generally see wealth and think fiat money in the bank, when the reality (as ever) is far more complex
Absolutely! Fear & Greed is a brilliant way of looking at overall larger macro-trends, and as a kind of rule-of-thumb for determining some big, general patterns in markets.
What it doesn’t do (can’t do) is provide us with any information to explain why Technicals Analysis of any kind “works” by cause the Fear & Greed model requires a willful setting aside of a lot of other important information and human activity that effects the market.
It’s like trying to predict who will win a football game based on which team seems to be on a “hotter” streak and is more “motivated.”
That can give you one useful data-point on which to base a prediction, but it’s not going to be an accurate measure of a team’s probability of success or failure, because lots of other factors are involved as well (luck, team health, individual player qualities, weather, coaching and playing style matchups, etc...).
So if someone tried to say that they use team motivation as a factor to make calls on the outcome of sporting events, that’s cool. Even if they said that they find it to be the most relevant factor and set aside every other consideration, that’s fine too.
But if they said that “game outcome” IS a reflection of “team motivation” and then tried to use team motivation as THE factor from which you can continue building a theory of why and how “sports outcome analysis” is something that “works”....
Yeah, using it that way, you’d be talking nonsense.
And we haven’t even gotten to the fun part yet (where the photoelectric effect, Plato’s allegory of the cave, thermodynamics, and “water structure” are all part of the basis for by technical analysis “works”).
If anything, by breaking it up into sections, I’m doing the original author a favor, because some of what he says, out of context from the rest of his essay, seems almost kind of half-reassemble.
When you look at it all as a a greater whole, though, your mind rebels and you just keep repeating over and over again, like Bill the Butcher, “What, in Heaven’s Name, are you talking about?”
Right, but what you're saying is you shouldn't do this. And if you want to be correct in your analysis then you are correct, don't do this. But my argument is most people are dumb and lazy. I can guarantee that large bets on sporting teams have been made based on the “hotter” streak and (who) is more “motivated.”". and by using greed and fear it's that facet of society that he is pandering too.
Gamblers have short memories and only remember the wins, if you only remember the good calls he made then he is a genius because he's 100% right. Much like astrology.
Absolutely. You’re dead-on.
hey @ilt-yodith ....go check this out and please join itchysack and deeja to support
https://steemit.com/funny/@traf/medical-examination#@dj123/re-traf-medical-examination-20180216t031529941z
You got it! (I’ll be in touch shortly about helping out in a more substantial way).