The Traderszone Network

Published in TZ Latest News 20 February, 2017 by The TZ Newswire Staff

Edward O. Thorp on charting

Thinking about momentum led me to wonder whether past prices could somehow be used to predict future prices. To test this, I looked at charting, the art of using patterns in the graphs of stock (or commodity) prices to to forecast their future changes. I was introduced to this by Norman, a Canadian resident living in Las Cruces, while I was teaching at New Mexico State University. After months of examining his data and predictions, I was unable to find anything of value. As [wife] Vivian…

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