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Interesting article on Bloomberg about Tom DeMark and technical analysis. What’s your take on his work? Do you use it in your market analysis?
http://www.bloomberg.com/news/2012-11-13/demark-fibonacci-charts-embraced-by-cohen-lure-investors.html
I don’t pay too much attention to his system. For every very bold call he and guys like Charles Nenner have made, there have been plenty that fizzled out.
For sure. It’s Standard Operating Procedure in the marketing of perfect-seeming stock maket prediction services, to shout from the rooftops about every correct prediction. And to conveniently forget all incorrect predictions.