are the charts/tech analysislosing relevance?, page-7

  1. 23,111 Posts.
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    Hi Dub

    I believe that charting as analysis is just as relevant but more difficult to interpret based a lot on what you say in your opening post.
    As we know technical analysis is simply the analysis of peoples (crowds) behaviour. Charting plots that behaviour and we look for patterns over time or similaries that may repeat. No point going into Gann,Elliot waves or Fibonacci at this point.
    The more 'artificial' events makes the waters much more muddied.
    If Columbus navigated by the stars and the next trip some of those stars were no longer there then mapping the forward journey would be much more difficult. Good thing we didn't have satellites in orbit back then or he could have missed us completely and we could be speaking with a KIWI accent (shudder...lol)
    So in summary I think your point for longer term market technical analysis is valid however most technical market analysts appear very versatile.

 
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