Inside Investment: Voodoo analysis

The wilder shores of technical analysis never want for proponents and followers. So are there perhaps truths to be found in all this numerology? Or is it just a load of bloody offal?

At the start of Dan Brown’s The Da Vinci Code, a museum curator, Jacques Saunire, lies dead in the Louvre, Paris. His corpse is spread-eagled like Leonardo DaVinci’s Vitruvian Man and in Saunire’s own blood there is scrawled a pentacle and a Fibonacci sequence. It turns out the Fibonacci sequence, a series of numbers formed by adding the sum of the previous two numbers (1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, etc) is key to finding the hidden meaning in DaVinci’s paintings and cracking the code.

Thanks for your interest in Euromoney!
To unlock this article: