Yes, many do fundamental analysis. I spend enough time on Seeking Alpha to know that. Plenty of lawyers, CPAs, real business execs. But SA members don't trade like whirling dervishes, and they rarely fall for the transparent scams that fill IHUB.
Pennyland needs charting. It doesn't have much else.
Buffett: "I realized that technical analysis didn't work when I turned the chart upside down and didn't get a different answer.”
"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.”
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