Is there any reason why technical analysis would work

Quote from dougcs:



I've seen the same question asked about why fundamental analysis "works". The key, IMO, to this question is: How do you find the "true" value a stock?
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The key question to ask in TA and fundamental analysis is "what is everyone looking at ?" By the way these are not always the measures that people pitch publically as being important.

There are many measures in both worlds that are largely ignored and which wax and wane in their popularity. IMHO the measures currently in vogue are the ones that move the market and the ones you need to watch ......
 
Speculatively interpreting the visually portrayed synthetic dimensional representation of the price action behavioral reality made one highly profitable today! :eek:
 
An engine runs and the mechanic uses tools.

A river flows and a Hydroelectric plant pulls energy out of it.

The sun rises and sets and the clock measures it.


I view indicators as tools to help me see and confirm price action.

fundamentals can be used also. I really do not understand the point and the quest here.

Supply and demand in the zero sum game of futures is not Random.

As far as stocks...I have no comment as the flow is interrupted with middle men.


Michael B.
 
Quote from nycderivtrader:


Is there any reason why technical analysis would ever work, ...?
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Is there any reason why technical analysis would NOT ever work, ...? :confused: :D
 
Quote from OddTrader:



Is there any reason why technical analysis would NOT ever work, ...? :confused: :D
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*******
People,who trade ,invest stocks or shop at sporting goods stores tend to be creatutes of habits;

[a]Take lunch breaks around noon.

Like 50% off sales.:cool:

[c]Prefer to pay $99.99 rather than $100.00

[z] Most everyone uses a crude form of ta;
effective in some cases, an example is looking at the closING stock price in newspaper.

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''The plans of the diligent tend only to advantage'' -Solomon, trader king
 
Quote from murray t turtle:




*******
People,who trade ,invest stocks or shop at sporting goods stores tend to be creatutes of habits;

[a]Take lunch breaks around noon.

Like 50% off sales.:cool:

[c]Prefer to pay $99.99 rather than $100.00

[z] Most everyone uses a crude form of ta;
effective in some cases, an example is looking at the closING stock price in newspaper.

=============
''The plans of the diligent tend only to advantage'' -Solomon, trader king
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No objections! :D
 
TA just helps a person judge supply and demand. However, if a person uses TA in any other context, it's useless. The trader may make money, but TA cannot predict anything.
 
Quote from AMT4SWA:

Speculatively interpreting the visually portrayed synthetic dimensional representation of the price action behavioral reality made one highly profitable today! :eek:
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Couldn't have said it better if I tried. In fact I couldn't even say it.

:)
 
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