In my opinion, those who don't do their own research on exactly what various tools do and don't do for them, deserve what they get.
Technical analysis is not "just a crap shoot" if only for the fact that there are enough investors that buy into it to affect the stock price.
I have done some minimal research into technical analysis, coming from a math background. I don't have enough info to reach a conclusion yet. But, I do find the conclusions others draw from TA informative, because by looking at their history, I can do more research on the validity of various types of analysis.
Furthermore, lumping all technical analysis into one bucket is not a good idea. There are many types of technical analysis out there, much of it I'm sure is useless. But trying to make a model, whether accurate or not, is always worth a shot. Using the results of a model, without knowing why it was built or how it works, is pretty dumb.
If you want to make a claim ("SFE is a good company" "SFE is a bad company" "TA is crap" "TA can be useful"), please put some reasoning behind it to tell us why. Its the thought process that's interesting, not the hypothesis.
TCF |
