Monday, April 20, 2009

Reference: Odds turning positive at global breakout or bust line, Bangkok Post, April 20, 2009

I have been following your chartist's financial forecasts on Mondays for almost a decade now and I am sorry to report that these predictions have been wrong more often than right and lately they have been so consistently wrong that one could have profited by betting against them. Financial theory contains very cogent and convincing arguments that historical trading data do not contain information about the future. These charts are an embarrassment in an otherwise fine international newspaper.

Cha-am Jamal

No comments: