Is Technical Analysis BS?
From topdowncharts.com
Is technical analysis BS? To save you time, my answer is: Yes, No, and Maybe. There are a lot of misconceptions and misunderstandings when it comes to technical analysis. It's not uncommon to see it treated with derision (hence the title), and dismissed and discarded. But is that behavior justified? My own research company, Topdown Charts, is sometimes mistaken for a technical analysis shop. I’d say first of all that I will use any and all factors relevant to forming a view, including technical analysis. I’ve also spent a lot of time studying technical analysis (e.g. CMT program via the MTA). Even then though it’s ...
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