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Old 11-13-2007, 04:11 PM
spider spider is offline
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Join Date: Sep 2004
Location: Wash DC
Posts: 592
Default Re: Why are value investor types so rigidly opposed to TA?

[ QUOTE ]
there is one logical reason i can think of: one unchanging factor of TA seems to be human reaction to price movements. there are psychological factors that imo cause humans to act a certain way and TA uses proxies (unknowingly possibly) of those traits in its practitioning.

[/ QUOTE ]

Yeah, I'll admit I could see TA working for psychological reasons, which I think is roughly like saying some people can make money with momentum investing or short term timing the market. However, I suspect this is probably specific to individuals (i.e. can't be taught).

Good Mandelbrot story.
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