The art and science of top analysis

Posted on May 23, 2014 by in Featured Letters$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464

Forget the science part.  There is none at present which is dependable.  Technicians are running around crazily calculating RSIs and MACDs  and computing cycles and "analogues" and  throwing the I Ching and dusting off their crystal balls.  Sound and fury signifying nothing.  There is some interesting work by Paul Desmond at Lowry's.  (You can see it at and desmond2.pdf and desmond3.pdf.  If you read these you will know as much or more than most analysts.

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