Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0

Actually, if too many people watch the same signals, indicators or patterns, TA doesn't work too well. It's like as if everybody wants to get into or out of a room at the same time through the same door.

It is an additional tool for your trading or investing. Many pros use it, others despise it. (Maybe they didn't really look into it...?)

Personally I find TA is extremely useful to give a picture of the stock market or a particular stock. Is it overbought, oversold (=is it expensive/cheap)? Is it in a trend (up/down)? etc.

There are of course many different techniques, some very esoteric (eg Elliott Waves). Some even trade by astrological signals...

To each his own, use what works for you. With the time you will develop your own system, which signals/patterns/indicators you want to watch and suit your time horizon. 

Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.