I re-read your post and I think a bit of beer and poor reading comprehension on my part is what you are reading
yes I agree with you 100%, you cannot have a random chart with out subjectively imposed chart patterns......so that DOES say something about the validity of the chart patterns on random data.
HAVING SAID that is not so much the chart patterns but the momentum loss in the impulse waves that might be the important thing because returns are not random, and there is something logical about price movement that aligns with systemic shocks and macro economic events......RANDOMLIKE but the daily log returns show that it is not entirely a random normal distribution.
perhaps we can get to something constructive with this thread for a change......you, yourself were able to notice the real chart...the question is HOW did you distinguish randomlike from random?
yes I agree with you 100%, you cannot have a random chart with out subjectively imposed chart patterns......so that DOES say something about the validity of the chart patterns on random data.
HAVING SAID that is not so much the chart patterns but the momentum loss in the impulse waves that might be the important thing because returns are not random, and there is something logical about price movement that aligns with systemic shocks and macro economic events......RANDOMLIKE but the daily log returns show that it is not entirely a random normal distribution.
perhaps we can get to something constructive with this thread for a change......you, yourself were able to notice the real chart...the question is HOW did you distinguish randomlike from random?
AVT INVENIAM VIAM AVT FACIAM