Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Death Of Conventional Technical Analysis

 I began my interest in technical analysis in 1969,same year as woodstock. i think i actually took some books with me at that iconic concert. while a member of the Bear,Stearns arb dept. i could not keep my charts out on the desk.i actually had to cover my chart book with a playboy cover. thats how full circle things have come. there were only a handful of books and a couple of masters papers.now the books stores are full  of great books that give everything from indicators to patterns to how use ai software to build systems. i believe its this plethora of info that has created a major problem for conventional technical analysis. the volatility ,patterns and trend changes on a dime intraday,etc,etc. hopefully this  is the age of astrological market analysis. i suspect so.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.