I am actually into fundamentals but am beginning to see the value of using price as an indicator
here is very interesting comment by a very experienced broker who went through the crash of 87, Marcus Padley
"The only place you?ll see it (ie a Crash) is in the share prices. They talk. The question is whether you have the skills to listen.
When it came to the GFC the only thing that helped you was the price trend, not the research, not the value investors, not the advisers, regulators, central banks, Presidents, Kings, Queens, brokers, financial planners, accountants or taxi drivers. No-one predicted it. The only thing that would have saved you was technical analysis, trading skills and discipline.
