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Is Technical Analysis Always Correct?

Posted By On 2/08/2008 08:49:00 AM
1. Technical analysis is 90% of the times correct and is sent to altar of glory 10% of the time by virtue of the manipulative acts of bulls and bears.

2. In one of the seminars a great investor was sitting and was attending a lecture on technical analysis by another big shot and this guy was showing live stocks chart. At one situation he said that now stock has given a breakout and thus will rise and now this investor gentleman got up and said that now the stock will go down as he had sent a sell order like an institutional investor and technical analysis went hay ware by virtue of this single investor and same can be done very easily for small stocks where volume is low.

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