Calling all Technicians

[Southie]

Re: Calling all Technicians

@kakaballi

Not entirely. As long as no one can succeed in the glorious quest for the holy grail of ‘fundamental value’, TA would remain relevant.

As soon as you can find a way to measure ‘value’ of the firms accurately, all stock trading shall cease in a day.

I am punching above my grade since I think you are some sort of financial guru economist etc. But here is my take

I am not sure one needs to be very exact in assessing the financial.value of a firm. Simple analysis based on balance sheet income statement and cash flow statement over last 10 years will enable anyone with a high school degree to do the necessary digging under the hood.

The technical analysis is something drummed up by wall street to increase buying and selling activity. To generate commissions.

And some mutual fund managers follow a combo of technical and fundamental analysis. Makes them look glamorous.

The great value investors such as Peter lynch Buffett Chris Davis and others did not or do not pay attention to technicals. Unless it provides them mismatch in pricing vs value