Re: Why are value investor types so rigidly opposed to TA?
I use a lot of technical analysis. Not so much from an investing standpoint (although I do look for support and resistance levels for entries/exits) but more from a trading standpoint. Then again I am a trader. You can't really play the swings and use fundamental analysis for market making? Momentum, support, resistance, trendlines etc. are all technical and the weapons that market makers use. Crude oil for example is down more than 4 bucks right now. What fundamentally changed from yesterday? Who the hell knows! But technically you can see the weakness and get a hellova ride!
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