Why You Can Trust Technical Analysis

For multiple generations, investors have relied upon the discipline of technical analysis to assess the risk/reward balance of potential procurements. Technical analysis has a critical advantage over fundamental analysis in that the price charts reflect near-real time sentiment in the markets. In contrast, fundamental analysis primarily depends on corporate financial statements -- and those only come out on a quarterly basis.

However, technical analysis is not without its critics. The most common attack against the methodology is that its prognostications are based on unquantifiable assertions. In laymen terms, it's nonsense; nothing more than mumbo-jumbo dressed up in advanced lexicon. Underneath the hood, critics claim, lay nothing more than tealeaf readings or other woefully unproven disciplines.

But is that really all that there is? A bunch of financial quacks pulling opinions out of their rear ends? It begs the question the question that if that were the case, why hasn't someone raised the alarm by now? In the age of financial accountability, you'd think an already overbearing watchdog community would have blasted market technicians as charlatans.

Indeed, the reality of the matter is that people already trust technical analysis -- they just may not realize it! To get the full crux of my argument, please read my latest article at Crush The Street, here -- https://crushthestreet.com/articles/breaking-news/trust-technical-analysis