I could read stories about golden ratio numerology all day long.
Another look into this, that mentions the flawed view of ‘chartists’, is “The Misbehavior of Markets” co-authored by Benoit Mandelbrot. They do a great job of tearing down and debunking the idea of finding patterns in the chart data.
http://www.amazon.com/Misbehavior-Markets-Fractal-Financial-Turbulence/dp/0465043577
I could read stories about golden ratio numerology all day long.
Another look into this, that mentions the flawed view of ‘chartists’, is “The Misbehavior of Markets” co-authored by Benoit Mandelbrot. They do a great job of tearing down and debunking the idea of finding patterns in the chart data.
http://www.amazon.com/Misbehavior-Markets-Fractal-Financial-Turbulence/dp/0465043577