I read some of these TA articles over the last few weeks and I have to say... it's glorified gambling.
No-one can, over the long term, use this approach to systematically produce superior returns.
No fund managers in the world purport that this works anymore and it surprises me the number of people out there who believe that they know better - especially with the amount of academic research into it.
If you are trading with this strategy (or even trading as a 'stock picker' with any strategy (ta or not)) then you may be making money with the current state of the market, but over the long term (say, 30 years) it does not work. Especially taking transaction costs into account.
technical analysis and charting, page-54
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