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There are people killing the lottery too.
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horrible analogy for the guys killing the markets i mentioned. simons isn't some lottery winner. neither is shaw. there are TONS of TAs though that of course this analogy could very aptly apply to ... but simons and shaw aren't two of them.
Barron
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Do you have any links to verified track records and description of methods used?
Something like this one used in support of value investing:
http://www1.gsb.columbia.edu/valuein...ves/DOC032.PDF
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Look at footnote 17 in the wiki on technical analysis.
Cliff notes: 56 studies show economic profits from TA, 20 studies mixed, 19 studies show negative economic profits from TA. More recent studies are more favorable toward TA than older studies.