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The man refers to the exact reasons that technicians believe in its value -- because human behavior and interactions have not changed. HE WROTE THAT THE "MARKET PRICE PATTERNS REMAIN MUCH THE SAME." In the next sentence, he says economists cannot predict bubble collapses. That's fine. Technical analysts can. If you think he doesn't believe in TA, you are ignoring what he says, and are instead listening to your own biases. Do you have any quotes from Greenspan where he says that he rejects it?[[User:Sposer|Sposer]] 20:47, 20 July 2007 (UTC)
:Do you have a reliable source that explicitly says he accepts it? [[User:Shotwell|shotwell]] 21:03, 20 July 2007 (UTC)
::No, nor am I arguing that he accepts it. I argue that he uses the terminology of technicians. I do have "unnamed sources" that say he uses it and believes in it, and we all know that the Fed uses it and studies it and works against it in interventions (there are academic studies that show this for central banks in general), as you can see from the many articles they've written on the subject. I do know they follow it, simply because they, and other central banks, are clients of technical analysts on the Street (I used to be one such person). My point is that if it looks like a duck, and quacks like a duck, it might very well be a duck. Greenspan argues that the patterns remain the same. If they remain the same, you can profit from them (my words, not his), and that is what technical analysts do. I propose something like, "Although Alan Greenspan is clearly not a technical analyst, he has repeatedly espoused ideas that proponents of technical analysis point to in support of their craft. For example,(above quote) .... I would then add, to make those that have not kept up with academia lately and are under the, IMO, false impression that academia does not believe TA works, "This does not prove that Alan Greenspan accepts or uses technical analysis in any way, but explains the many papers that Fed economists have written on the subject."[[User:Sposer|Sposer]] 21:15, 20 July 2007 (UTC)
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