Quote:
Originally Posted by kidakaka
Just a theory, if I can manage to do a pattern analysis on stock indices, can I predict the next low or high in the market?
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Do you really think that the index follows a pattern? I wish CEan -KGV was here to to share some stuff.
[addendum] I pasted the topic to local stock market expert (who's made huge money in stock market) and here's what he has to say -
pattern analysis should work only on theory as market is governed by-
(a) Company Fundamnentals
(b) Sentiments
So first part can work with the pattenr analysis for some time but second part is actually driven by speculation so pattern analysis will fail.