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Old 04-03-2007, 07:07 PM
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Re: Technical Analysis: Is it voodoo? Or does it work?

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i hate semantical wanks as well

i see a lot of people who use TA (especially market profile) want to distinguish THEIR form of TA (the alleged scientific non-voodoo kind) from other TA

the simplest way to look at it is - if it's not fundamental analysis - it's probably TA

and if it relies on price, or any derivative of same - it's TA.
I didn't realize certain types of traders using some form of TA argue that 'their' form of TA is not actually TA. Makes no sense to me whatsoever. If you are using price, some form of charting, and some analysis that does not look at market fundamentals, that's TA as far as I am concerned. It's either TA or FA, right? So, unless you are reading company reports, checking PE ratios, etc. you are using TA.

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