Tag Archives: the art of strategy

Greeks, elves, and flags oh my! The efficient market theory (the mainstay of any modern business school education), teaches us to view technical analysis with extreme skepticism. The theory goes like this: if investors predict that a stock will rise in the next week, they will immediately buy the stock and drive up the price to the expected future price (discounted for the time value of money, of course). But is it possible to spot something before everyone else and make a billion dollars before the market catches on? ...or are day traders just modern alchemists?