TA...
In one of the recent issues of MoneyLife, there was an article on Technical Analysis (TA). There was a blunt & out right rejection of this technique in analyzing stock prices to forecast the future. If so many finance related professors from big MBA instituitions have done analysis using the same besides Fundamental Analysis & Random Walks then are their researches worthless? Is there no value for Resistance & Support terminologies?
I'm atleast an ardent believer of data and information. I'll probably end up doing data analysis on my own & see what can be proved.
1 comment:
Weak form Efficient Market Hypothesis
http://en.wikipedia.org/wiki/Efficient_market_hypothesis
So, TA will not help you to get excess returns.. market returns may be.. not excess
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