Took missus into town shopping last night...she, looking at girly stuff...me, slip off to the bookshop to see if any worthwhile contributions in the trading/investment section.
Picked up "A Random Walk Down Wall Srteet" by Burton Mickymouse or someone.
Lo and behold he turns out to be some looney acedemic bagging the crap out of technical analysis....and fundamental analysis would you believe.
Trotted out the old chestnut "I've never met a successful chartist", along with a bunch of faulted logic to back up his assertions.
I often wonder why these clowns feel the need to do this. While a lot of t/a is crap, clearly there are lots of successful "chartists". Tech/A's Techtrader is ample evidence that even a purely a mechanical technical system can work very nicely, thanks very much!
As if to conclusively proof to me what an absolute wally this joker is, he goes on the say that the market can't be beaten and to go out and buy index funds.
Anyway, thats off my chest now!