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    I could read stories about golden ratio numerology all day long.

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      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