Continuation chart patterns (technical analysis), CFA L1

Triangles and rectangles are patterns that interrupt the continuation of a long-term up-down trend. For more financial risk videos, visit our website! www.bionicturtl...

[@bionicturtle]

@mvogt good point: agreed past prices can inform fundamental perspective; e.g., expecting a company to revert to its long term P/E. ex post i see traces of poetry :) I am sloppy to mix growth & momentum. I meant I don't naturally invest (fear) in "growth" b/c they don't meet my primary goal to manage risk, high expectations impounded & vulnerable (pretty much at each quarter far as i can tell) to "disappointments" ... to me, to own a high growth is to fear each quarterly result

[@NicosMind]

I see a lot of techincal analysis as self fufilling prophecies. If people see those patterns and they think they see a buy signal. Then investors rusing to buy are gonna push that stock up. And vice versa

[@mvogt]

@NicosMind If that was true, then the ones reacting faster to these patterns would be the winners and those that react too late are the suckers? Obviously someone has to lose longterm wenn someone wins. And by "investors" you mean big money professionals or whom? I did not run any tests, but if all this was true, wouldn´t the big players with their low latency automated systems be the winners and the "people" be the suckers?

[@mvogt]

as long as i dont see a support line, namely statistical 'evidence' i cannot find resistance calling both bearshit and bullshit :-). your non-ta videos are pretty good though.

[@sihlegumede7708]

Love this video..you very articulate

[@bionicturtle]

Thank you for watching! We appreciate your kind words!

[@bionicturtle]

@mvogt I hear you. Again i think your evidence bar is higher than I demand (e.g., statistical evidence for outperformance is hard to find also on the fundamental side). I was thinking the following: if i really did not believe at all in TA, then I would ignore the price charts (is logical?). But, i do look at price charts (b/c i fear momentum/growth stocks).

[@bionicturtle]

@NicosMind that's interesting IMO, because if true, it would arguably support theory of TA

[@bionicturtle]

@tomdilello very little. Apparently, just one TA question on last exam

[@mvogt]

@mvogt I just have a pretty hostile attitude towards these theories, because I think the only guys getting richer through spreading these theories are brokers and banks which contribute nothing positive to society. It´s hard to lose by collecting fees after all. It is a sure thing that in a hypothetical world where these theories were nonsense, they would definately still be advocated!

[@mvogt]

@bionicturtledotcom I just wanted to be a little poetic, but since I was semi-drunk that might not have worked so well. :) "if i really did not believe at all in TA, then I would ignore the price charts (is logical?)." - Yes, sort of. The only reason to care about past prices would be to set the past prices into perspective with past fundamental data. "But, i do look at price charts (b/c i fear momentum/growth stocks)." - I don´t understand why you fear those.

[@liv2ride2liv]

at around 2:20, you mention that the new buyers are increasingly bullish. would it also be fair to say that the sellers are decreasingly bearish? (i.e. the supply curve, for the effect i just mentioned, would be shifting right at a decreasing rate). i'm not sure what is to come of any conclusion to what i have asked/suggested.

[@liv2ride2liv]

...i must learn technical analysis for a MSSB workshop and trade on a simulator. i find it very frustrating and don't know where to start. i also believe in Fama/French so i find it difficult to stomach any technical analysis.