The document discusses the application of the scientific method to technical analysis. It describes the key stages of the scientific method as observation, hypothesis formation, prediction, verification through new observations or experiments, and drawing a conclusion about the hypothesis based on how well predictions matched observations. The document also discusses the development of the scientific method over time and key philosophical views that shaped it, such as Bacon's emphasis on experiments, Descartes' emphasis on doubt, and Popper's view of falsification.