Technical Analysis is the OOP of Stock Market
Technical Analysis is Astrology for men
"I realized technical analysis didn't work when I turned the charts upside down and didn't get a different answer."
~ Warren Buffet
~ Warren Buffet
Now I think I know why Warren Buffet doesn't care about timing the market
People will invariably compare the same 1000 dollars being invested in different times, however these 2 are different, the early invested 1000 has grown and therefore is not comparable to 1000 invested today
The time in which one enters does not affect the future of the stock performance
So the thing you should consider is whether the company is doing good and whether the stock price reflects it
People will invariably compare the same 1000 dollars being invested in different times, however these 2 are different, the early invested 1000 has grown and therefore is not comparable to 1000 invested today
The time in which one enters does not affect the future of the stock performance
So the thing you should consider is whether the company is doing good and whether the stock price reflects it
In fancy terms would be that the value of money changes with time
Channel name was changed to Β«Technical Analysis (OOP of the Stock Market) SucksΒ»
Channel name was changed to Β«OOP (Technical Analysis of Software Engineering) SucksΒ»
Pythagoreas plucked a string at different lengths and discovered that a string sounds similar to the same string with half the length, which creates something called an octave (there are 8 notes within an octave)
A string with half the length has double the frequency
Take for an example the note
A4 (Note A in the 4th Octave) = 440Hz
A5 = 880Hz
A string with half the length has double the frequency
Take for an example the note
A4 (Note A in the 4th Octave) = 440Hz
A5 = 880Hz
Then he tried to create different notes by trying other ratios, an octave was 2:1 ratio, the smallest integer ratio within the same octave was 3:2 (3:1 is in another octave) which would be called the fifth
Then he tried to do a 3:2 again, but it would lie outside of the octave, so he would half the frequency
He would repeat it until he got a total of 8 notes
This method made some really nice ratios but at the end there were some ugly ratios like 256:243
Western music is fundamentally based on ratios, ugly (large integer) ratios (also called intervals) create a bad sound like the tritone, which had a ratio of 729:512
To compensate this flaw within the tuning system (some sound really nice and some sound horrible) mathematicians came up with the equal temperament which made everything slightly off tune but made ugly intervals (also called dissonant sounds) sound less bad
The modern music has 12 notes within one octave (the other ones are added after Pythagoras) so each note is 2^(1/12):1 apart