If the only thing that mattered in a market was fundimentals then all the low pe ratio shares should be the best to own and markets would move slowly up and down as these PE's changed. That isn't what happens emotion is the food of the market and therefore TA works, it is a graphic representation of sentiment. TA isn't a crystal ball but it offers an improvement in the odds. Go look at reversal patterns in candle stick charting then go look at 2/2/06, 11/5/06, 5/9/06, 29/06/06, 16/07/06, 31/10/06, all hammers and hangmen, double top 12/10/07 and 31/10/07 ect these work. I don't even look at shares names before I choose a share I scan charts and pick out patterns I like then look at the name and try to figure out why?, usually I never find out what is driving the share just that I want in and when the pattern is over I take profit and move on. So to summarise FA means zip to me.
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