Traditional technical analysis is purely inductive reasoning that purports to observe reality, but because it lacks the most important input for any statistical model—that of the testable hypothesis—it lacks any ability to say anything concrete. The scientific method is a form of positivist methodology, which centers on the falsification of a hypothesis or theory. If,… [Read More]
Check out this Big Saturday Interview with Andrew Lo, Director of MIT’s Laboratory for Financial Engineering. Lo’s status as a top academic economist provides him with a perspective that many traders do not have but can surely benefit from understanding.
Tradingmarkets contributor Paul Azzopardi helps investors to get a much better feel of the market and where it might be heading, so they can participate instead of sitting on the sidelines.