The search for objectivity

Posted by Scriptaty | 5:48 AM

As traders continue to look for computer based algorithms that smooth, detrend, and differentiate the markets, there is still something to be said for using price charts — as long as you do so objectively. DeMark’s work is interesting in that it is chart-based, analyzes demand and supply, and offers set procedures that involve less subjectivity and make back-testing possible.

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