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Are the academics the same people as the economists? If so, maybe we can
evaluate their predictions on economic forces as us technical traders with
market
forces about the future. Let's compare notes on track records. These people are
not
even accountable for their work, they see the world not as open minded as us
technicians but have a fixed view and theory of their goldfish bowl world.
Perhaps
there is hope on the newer generations of academics and economists who do more
than just their standard bean counting. Maybe Burton Malkiel who wrote the book
"Random Walk Theory" (w/c claims markets are not predictable) can do a "Jane
Fonda" after all these years? This may finally end the witchhunt by the
ignorants
and closed minded people.
Robert Bianchi wrote:
> David Hunt wrote,
> >The activities of the Fed in the currencies in the early to mid 1990s were
> >often very technically oriented.
> >Our own Reserve Bank is technical to some extent and seems (by its
> >accounting books) to make money from its trading activities so they must
> >think Technical is worth while.
>
> About few years ago the Federal Reserve issued a paper looking at the
> validity of technical analysis in the currency markets. Their conclusion
> was that technical analysis played a valid role in the decision making
> process in currency markets.
>
> Regards,
>
> Robert Bianchi
>
> Email:R.Bianchi@xxxxxxxxx
>
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> / Oz \
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