CC, I agree that fundamental analysis is not good for day trading. It is really only good for investing and speculating, not gambling. TA is also no good for day trading, but the practitioners, like the gamblers who use a modified Martingale system to play roulette, think it is.
Basically, all TA tells you is to buy after the smart money bought and sell after they've sold. You can never be smart money with that philosophy. However, if you catch a strong trend, up or down, TA folks can make money until they lose it all back in the trendless false signals that inevitably follow. We have had a long period of an uptrending stock market, so TA, which I thought dead and buried and totally bankrupt intellectually, has made a big comeback.
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