This experiment is for all those who waste their time studying, predicting, or otherwise making up stories as to why price moved. While I don't subscribe to the idea that price movement is completely random I do think most read too much into moves which are simply a result of noise.
The program randomly flips a coin 150 times and then generates a chart based on the results. If you try it a few times you can make every pattern imaginable.
It is a simple excel file but FF doesn't permit .XLS files so I had to zip it for upload. Full credit for the genius who wrote this is contained on the first page of the worksheet.
Enjoy, and think about what this tells you.
Phil
The program randomly flips a coin 150 times and then generates a chart based on the results. If you try it a few times you can make every pattern imaginable.
It is a simple excel file but FF doesn't permit .XLS files so I had to zip it for upload. Full credit for the genius who wrote this is contained on the first page of the worksheet.
Enjoy, and think about what this tells you.
Phil
Attached File(s)