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RE: Why You Can Trust Technical Analysis

in #money7 years ago

Thanks for your comment...I didn't realize it was mentioned at all by official educational curriculum, although the discipline not getting respect doesn't surprise me. What they don't realize is that using fundamentals is also a form of forecasting...and I would argue an inferior approach. For example, certain "sacrosanct" fundamental tools, like P/E ratios, are overused and don't really provide great information as it relates to future market probabilities.

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It looks mostly relegated to "behavioral" finance, which in my opinion isn't really technical, it's another field.
The faculty that showed it to me didn't recommend actual textbooks in the traditional sense, but the main publications on the topic, like Bollinger, DuPlessis, Magee and Edwards, Linton, Dalhquist, and several others and told me to read their books rather than take tests.

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