Re: Why are value investor types so rigidly opposed to TA?
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If you read the "Market Wizards"-series of books by Jack Schwager, he interviews the most successul traders of the 80īs and 90īs. When asked about their strategies, about 70% of them contribute their success to TA. I take that as a proof that TA works very well, if you know how to use it.
But as someone pointed out, it may be hard to day-trade with a $80 billion account since you would move every market except forex.
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I think some of those folkes (inc. "The New Market Wizards" interviewees) are now busto.
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