Talk:2101: Technical Analysis

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The Tobin citation comes from James Tobin's Fred Hirsch Memorial Lecture "On the Efficiency of the Financial System" in 1984 [1].

The explanation says “allego” and “prologue“ are “musical terms such as may be used in the introduction of a performed piece”. That may be true of “prologue” but “allegro”, according to Wikipedia, is “a tempo marking indicate to play fast, quickly and bright”. 11:40, 21 January 2019 (UTC)

And, derived from this, a movement of a piece that is performed quickly may be referred to as an allegro. It can also be used to refer to an entire piece, such as this piece by Mozart: [2] Kazzie (talk) 12:00, 21 January 2019 (UTC)
But based on the placement of the allego and the way it is written it is most likely a tempo. Tempo goes just above the music and in this case it is the only word on the page that is italicized. 14:09, 21 January 2019 (UTC)

How would this compare with “candlestick patterns” - the bathtub one looks like a funny name for a pattern *meant* to signal that prices could rise 13:55, 21 January 2019 (UTC)

Random Walk might refer to Curtobi4 (talk) 14:00, 21 January 2019 (UTC) 16:33, 21 January 2019 (UTC)

Should we make a table for each term like there is for other comics? 18:01, 21 January 2019 (UTC)

Yes please. Also, the individual jokes could be explained better. For instance, I'm pretty sure "lumbar support" is there as a joke on the word "spline" looking & sounding a lot like "spine". I'm 90% certain it's a pun, but that's not mentioned yet.
ProphetZarquon (talk) 19:30, 21 January 2019 (UTC)

XKCD lessons with Randall: Today I learned that the word "Allegro" actually has a meaning, and isn't just a random website name. 19:27, 21 January 2019 (UTC)

The fundamental problem is that price movements are NOT a random walk. It is safe to assume that people who know a market well will study it, and make purchases/sells based on the underlying market drivers. And in doing so, they will leave "tells" in the pricing data. It becomes possible to look at markets, and see what the people in-the-know are doing, and follow along after them. That is the fundamental basis of technical analysis, and it works -- it works unbelievably well.

If there is a problem, it is that computers can do this pattern recognition so fast that there is longer any room for people to do this.

In other words, computerized arbitrage has gotten so good that people need not apply, and a few high-end groups with high speed electronic trading can get in before any person can.

Keybounce (talk) 00:31, 22 January 2019 (UTC)