RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Bnn with bobFirst of all techical analysis is not a science. It is simply a misuse of mathematical concepts. You might want to read "How to Lie with Statistics", a great book which was published around 1949. That is not to say statistics is useless, just that it is misused. I believe that most TA suffers from this same misuse. It may have some value with big board, large volume stocks, but not small caps.
I may well have said it was helpful in the past, as my view of it has changed. I now belive that the times it seemed to work were most likely simple coincidences. Mathematics, used properly, can be very useful in the investing game. Technical analysis, IMO, does not fall into this category.
Piper