turtletrader

Why Technical Analysis is Nonsense

I think this author has stirred up an old debate and has offered nothing new to chew on. I personally manage a rather sizable fund that uses nothing but technical analysis, pattern recognition, and other forms of trend following. While I dont care whether the company I trade makes ipods or sewing machines, we do make sure the company is of a certain size and of ample liquidity before trading. and that is only because our system has proven that comanies of that certain size and liquidity outperform.

best of lucking reading the tea leaves and scratching your head when your cheap stock is now in a fire sale.