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Re: fung_derf post# 395

Tuesday, 06/26/2018 12:02:36 PM

Tuesday, June 26, 2018 12:02:36 PM

Post# of 1149
...Even Warren Buffett admits to spending years trying to master the technique.

Yet, for all the promises that technical analysis brings, studying charts has actually detracted from the bottom line. Buffett reportedly joked about this dilemma with an audience at Vanderbilt University in 2005, "I realized that technical analysis didn't work when I turned the chart upside down and didn't get a different answer.”

https://www.forbes.com/sites/rickferri/2014/06/02/technical-analysis-drags-down-performance/#558ee7181a0c

TA is a self fulfilling prophecy in my opinion. If everyone thinks an event is going to trigger an outcome, the outcome is triggered.

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