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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
> >
> > ,-._|\
> > / Oz \
> > \_,--._/
> > v
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