08-10-2014, 07:49 AM
Yeah, I've never read anything that can get me to think that TA is anything other than voodoo.
When I'm making a buy decision, I do compare a company's current metrics to historical, such as whether the yield or p/e is near the high or low end of its historical range. One guy tried to convince me that that is a kind of TA. I didn't agree, but I suppose if you squinted really hard it might be kind of the same. But I doubt I'll ever be convinced that finding patterns in the past price movement can give you any actionable information.
When I'm making a buy decision, I do compare a company's current metrics to historical, such as whether the yield or p/e is near the high or low end of its historical range. One guy tried to convince me that that is a kind of TA. I didn't agree, but I suppose if you squinted really hard it might be kind of the same. But I doubt I'll ever be convinced that finding patterns in the past price movement can give you any actionable information.