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Re: Technical Analysis: Is it voodoo? Or does it work?
I want to add my input... market performs by itself (not by TA), the forces of supply and demand basicly respond to the psicology of the masses... wich is fear and greed... now TA reflects whats happening in a wide variety of presentations, who has the edge ? maybe the aproach that understands that finally what moves the market its the big smart money.... so here on TA you have "aproaches" that do take into acct the smart money and others that dont.... so I cant mix all aproaches on the same bag and say TA doesnt work, because TA with this so diferent considerations have very different outputs.... TA is an accesory.... if you understand whats behind TA (true market performance) then you are near to success.... cheers Walter.
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