Investing Systems Beat Shortcuts in the Long Run
When I began studying for my Chartered Market Technician (CMT) designation more than a decade ago, I recall being more enthusiastic about reading some of the books over others.
To me, the material on Gann time cycles and Fibonacci ratios were a bit too “voodoo.” Their analyses more closely resembled a fortune teller reading the lines on a client’s palms than a prudent method of making buy and sell decisions on the markets.
On the other hand, I was drawn to the more rigorous quantitative methods of analysis; techniques that really study the numbers that drive financial markets.
I was a biology and chemistry major in college. So, when I saw some of the books on my CMT required reading list…
