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5 Big Myths of Technical Analysis

From zacks.com

Is there one system of technical analysis that makes all the others crumble in defeat? If there were, giant quantitative trading houses like Citadel and Renaissance Technologies would not be employing hundreds of PhDs in mathematics, engineering, and computer science to develop hundreds of new algorithmic programs for exploiting market opportunities. But does that mean we should abandon technical indicators as a bunch of inconsistent noise that we can't use to compete against the quants' mega firepower? No way! There are plenty of terrific technical tools and methods that can enhance your stock selection and swing ... (full story)

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