"Fundamentals should always hold over technical annalysis, as companies with great fundamentals have bounced back nicely since the GFC -"
I have to disagree CLUB.. the big crash a few years ago..caught many by suprise..WHY ?..because the fundamentals looked fantastic..Technical analysis showed a very large broadening formation..a warning in other words..
Technical analysis ..i believe is the only tool to make a perfect entry point...it tells one, how strong the fundamentals really are... The biggest problem with technical analysis it takes a life to understand it correctly.. as clear as one formation seems, there is another 10 conflicting formations in a different time frame.(hence why many get it wrong 50% of the time) But the truth is hidden deep inside the techincals.. learn the tape and the advantages increase even more..
