wa1 Chart, page-1396

completely agree. Its just another tool that can help to see what the " sentiment" is at any point. But as we know, sentiment changes on a dime because of a myriad of factors.

Only the simple think TA is gospel, like that jabra muppet. Any educated/intelligent individual weighs up a large number of micro and macro factors both to do with the company and the economy and the world to make decisions. The more you can synthesise... in theory the better off you are. But even then, luck is a massive factor and cant be factored in.

What we can take out of the equation though is naivety and stupidity... and that sir is competitive advantage enough over those types to make serious money.

My investment motto is basically... hear everyone and everything... but make sure you don't " listen" to the fools.