STA Blog

Quick video interview with Elizabeth Miller: A panellist at the STA’s April conference.

Arranged by STA Board Member Gerry Celaya, Elizabeth’s a perfect panellist for the second STA Technicals to Trading Systems Conference in London on the 16th April 2024 (also available virtually). The theme this year is: ‘From Classic Charting to AI Developments’, which is where this speaker can certainly hold her own. A veteran of the industry, who remembers drawing charts by hand with a pencil on sheets of graph paper and who has, over the years, worked with increasingly fast and sophisticated hardware and software. She admits: ‘’it’s amazing how fast things have moved in the last thirty years.’’

Today, in her own words, ‘’We buy commodities to make things’’ at Mars, the confectionary giant where she has been leading a team for the last sixteen years. She kicks off by questioning what machine learning is, reminding us that what used to be called Deep Learning has existed since the 1950s. Sounding perhaps a little sceptical at the current enthusiasm for Artificial Intelligence, she stresses that it is ‘’a language model and is no good at math. Moving averages, technical analysis and econometrics count as a type of machine learning and are very old indeed.’’ Take a minute to ponder that.

I loved it when she points out that ‘’when trading live commodities (I’m assuming she doesn’t mean still on the hoof) one runs the risk of someone’s fat finger’’, or what’s likely to be a surprise to many, ‘’what do you do when you have a bad actor?’’ The point is: how does one differentiate between outliers, especially when computers work on the Bayesian principle where, if one hasn’t seen it before, it cannot be.

To the risks pointed out by Elizabeth, I’d also add issues like fake news, bots and the authority to edit and take down stories on social media. I’d also be very careful with data vendors; data is valuable, as we all now know, so why are some firms giving it out for free in chart packages?

For more info on the conference, click here.

Posted in Finance, Markets, Technical Analysis, Technical Analysis Courses, Trading, Trending
Tags: , , ,

The views and opinions expressed on the STA’s blog do not necessarily represent those of the Society of Technical Analysts (the “STA”), or of any officer, director or member of the STA. The STA makes no representations as to the accuracy, completeness, or reliability of any information on the blog or found by following any link on blog, and none of the STA, STA Administrative Services or any current or past executive board members are liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. None of the information on the STA’s blog constitutes investment advice.

Not ready to join? Stay Updated

If you want to learn more about membership and being part of the STA, sign up for our updates so we can keep in touch.


Monthly Meetings

The STA holds 11 monthly meetings in the City of London, including a summer and Christmas party where canapés and refreshments are served.


Latest Videos

As a service to our members, many of whom are unable to attend all our monthly meetings, we have been making videos of meeting presentations for several years.


STA Libraries

The STA has an extensive library of classic technical analysis texts. There are over 1000 books in the collection. It is held at the Barbican Library with a smaller...


Market Technician

Latest research and news

More Info

World Class Tutors

STA Course Lecturers

More Info


Be part of something special

More Info


View latest posts

More Info