Most ppl don't know diff b/t Tech Analyst and Chartist
Most ppl don't know the difference between a Tech Analyst and a Chartist.
A chartist is 1st/2nd degree (or higher) market black belt
A tech analyst is not higher than a market blue belt, usually green belt
The tech analyst puts blind faith in hardcore indicators while ignoring the price pattern
The chartist can and will make use of some classic TA, while ignoring the hardcore stuff
Anyways, here's where a Tech Analyst and Chartist will both agree. SP follows a regular rhythm. You've got to get the Bollinger bands to contract before a violent up/down move...