Quote:
Originally Posted by jjk2
this is from a book called evidence based technical analysis...
is it really true that statistical models applied to financial market is far more accurate than charting ?
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Is that book by David Aronson ?, if so its a great into to basic statistics.
Charts are not the market, they're just an abstract view of the market, and as such they introduce a bias into the way you perceive reality. Statistics just give a different view of the the same information, or in some cases a more detailed view of information that's not immediately apparent.
In what way isn't a chart accurate ? it only shows 4 prices occurring over some arbitrary time period