Technical Analysis

[dimpy.handa]

Are there any proponents of technical analysis out there?

I am not looking to engage in the fundamentalist vs. technical analyst debate.

I am just curious as to what any proponents out there may regard as its strong points. Technical analysis has a lot of critics, and I thought it would be nice to hear from one of its proponents on the subject. I assume there must be something to it. If it worked as poorly as the critics claim, nobody would likely be using it, and I know there are those who use it, so I assume there must be something to it. Right?

 

[swatiraohnlu]

While fundamental analysts examine earnings, dividends, new products, research and the like, technical analysts examine what investors fear or think about those developments and whether or not investors have the wherewithal to back up their opinions; these two concepts are called psych (psychology) and supply/demand. Technicians employ many techniques, one of which is the use of charts. Using charts, technical analysts seek to identify price patterns and market trends in financial markets and attempt to exploit those patterns.[6] Technicians use various methods and tools, the study of price charts is but one.