Here’s Why Technical Analysis Gets a Bad Rap
The Irrelevant Investor
OCTOBER 19, 2016
There are a lot of people who don't believe in the merits of technical analysis. It doesn't make sense to them that you can look at past price movements and determine future price movements. If stock prices are driven by earnings, how can a chart provide any insight? Well, yea, stocks are driven by earnings in the long-run, but in the short-run they’re driven by sentiment, which can be observed by measuring supply and demand.
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