DislikedYour premise is flawed. It does not need to predict anything to have value.
Price is reallity.
We only get two things from the exchanges- PRICE & VOLUME.
Leaving volume aside for a second, everything every trader knows about the market is reflected in price. Everything the market knows about itself in its price. Price reflects the effects of volume, of open interest, of everything. All fundamentals are contained in price. Supply and Demand are contained in price. PRICE is what IS.
To respond to a previous point. Here's a little story-swear...Ignored
Another nice post
The last paragraph about sums it up.
Superdezign.... sorry you didn't like my tomato market analogy. But your likes and dislikes are irrelevant to a decent discussion. Unless it’s one way of course. Personally I think the name superdezign is silly but I would't say so.
Cheers and good luck with the thread.