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Re: Does Technical Analysis Work in Nonliquid Markets?
I am sure if you went through a hundred charts of illiquid stocks you will find cases where TA has workd and cases where TA has not.
I don't think its 100% correct to say TA works in every market. Afterall you trying to point out patterns from a chart and even by coincidence you will find a pattern that resembles technical analysis.
Pure technical analysists will probably argue that TA works even in nonliquid markets. But they fail to bring out the cases where it didnt work. If you are planning on trading nonliquid markets with strictly TA, my advice is go for it. Just keep your losses minimal and ride out your winners.
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