RE: Please read...Bogo, buddy:
TA is totally conventional thinking in every respect. How can you gain an advantage when everyone is making the same conventional calculations that you are? But even if that were not true, individual cos., particularly only covering short periods of time, do not behave with statistical regularity. Statistics only works with large populations; with small populations you are dealing not with probability but with chance. I have NEVER heard ANYONE say they got rich by following technical analysis. Have you? Who? What notable person that most of us would know? Warren Buffet, for instance, says it is a fool's game.