Are Technical analysts idiots?

[rajeshn2007]

After watching these analysts on the tv shows giving wrong opinions time and again, misguiding people totally,
Do you think these technical analysts are nothing but a bunch of jokers and idiots?

Views and opinions are welcome.

 

[Dev Mookerji]

After watching these analysts on the tv shows giving wrong opinions time and again, misguiding people totally,
Do you think these technical analysts are nothing but a bunch of jokers and idiots?

Views and opinions are welcome.

Check my posts/threads. And decide whether TA are idiots or not

I am an analyst & predicted the market/stocks movement somehow correctly in the past. It can,t be cent percent but must be 70%.....Though I am still an learner not an expert, I believe.....Just think What an amazing ratio should be there with the experts...

Suppose, u visited a doctor in a Nurshing home,who was not efficient. So u decided that all doctors are idiots

How funny.

dev mookerji

 

[avinash]

Dev,

Rajesh meant the ta guys from cnbc/ndtv,not you.

Avinash

 

[rajeshn2007]

Yes mr. avinash you got it right. i am quoting in general. that too majority of the so called analysts are hopeless. there are very,very few exceptions. their techniques are funny...... buy above certain price and sell when it goes below certain price. this is not the right method to make money.

 

[beginner_av]

of course not! as long as there are greater IDIOTS listening to them. Doctors! Can you open a shop tomorrow without qualifications/experience and start treating patients? May be quacks? Imagine a doctor who has never conducted a surgery himself, or better still kille ALL the patients in OT, guiding other doctors how to operate.

 

[ratan jain]

Board seen in Jalna.

Dr. so and so

B.A.M.S.
Surgeon

 

[oilman5]

dear rajesh,
..............topic is very controversial......still i shall answer
................................................................................
u have not seen a single ta in life.
what u have heard ......some marketing guy.
very few people have professional degree in india..in ta.
perhaps...story of akbar..birbal...doctor..and openion..r not out of context.
..............................................................
i have guided...8/9 chaps...all of them r pro[basically dealer and rm...also presently job as ta]
...they never say ...call or approach is wrong
...also i try to guide...another 6...whom within ..3lecture..frequency not matching..may be i dont suit them...so my view ...they dont have patience..controversial
................................................
i came in touch with basic of ta.....1991..volume and price analysis
i can not understand to implement it ..lack of data..lack of digestion capacity
...i personally feel ..the basic grasp takes 2yr[geniuses disagree]
..so with computer..data..metastock..some book..i try to learn from 2001..
next year cbot..helps to improve my idea...no till dt i dont have degree, though i plan to take mta...market technical association.
.....in india..i found quack..in calcutta..in 2002..that buy x..if price ...luckily....it take 1hr to understand ..a quack,...so i understand its no so easy...martin pring ..books r best ...in ta
........so i joined www.tradingmarkets.com
luckily they teach real staff...within 2002 i know basic of ta
..advantage of computer is that u can learn...
so within..1yr...2003..cost of learning comeback many fold ...coursey...bullish sentiment
...................................
later i have taken some idea from sandeep patil.angel..yes i attended his course.
to know what may work..
by one of my friend...an ewt...helps me to form openion........
but other part ..applying ta...probability of happening something....and price is supreme...
i learned...from trial and error ...by giving loss in market
.....here cv,the great soul...and traderji..both really help me a lot...regarding applied field
kartik has done..good work on macd
.........for short term ..read david landry...swing trade
.....................................................
to understand ta..also read all works of william..a real trader
.....................
so answer is real ta knows a lot,..but rarely u could see them,...ordinary marketing guy..come to sell product[to take ur money,giving share...on behalf of broker....understand its his bread earning system]
....it takes nearly 6yr to total grasp on subject...yet many a time u shall be humble by market...to guess rightside of chart is not that easy....
.......nobody can learn swimming by reading good books...forget winning championship.
...come in water...have survivalskill...time is a great teacher...
in india...blb and bse teaches basic ta..by that u can get some dealer/call giver job.
...never play ..with that knowledge in market...its rudimentary..
i know as after that training ...boys come to learn..
..to make money...more imp is risk analysis and money management...hold winner and dump loser.
............
hope it clarify
[i am a firm believer in ta]

 

[rkkarnani]

Yes mr. avinash you got it right. i am quoting in general. that too majority of the so called analysts are hopeless. there are very,very few exceptions. their techniques are funny...... buy above certain price and sell when it goes below certain price. this is not the right method to make money.

Well sir, this what is Supports and Resistances all about.
So according to you what is THE RIGHT METHOD to make money???

 

[rkkarnani]

dear rajesh,
..............topic is very controversial......still i shall answer
................................................................................
u have not seen a single ta in life.
what u have heard ......some marketing guy.

..to make money...more imp is risk analysis and money management...hold winner and dump loser.
............
hope it clarify
[i am a firm believer in ta]

Sir, I agree to your views about TAs.
I would like to add DISCIPLINE as a prime ingredient for a winning recepie to make money. The lack of which is probably the reason for many loosers.

 

[uasish]

Yes mr. avinash you got it right. i am quoting in general. that too majority of the so called analysts are hopeless. there are very,very few exceptions. their techniques are funny...... buy above certain price and sell when it goes below certain price. this is not the right method to make money.

After many years of eyeballing 1000s of charts,and trading day in & day out,i have developed a strong conviction ,there indeed is a Price Inflexion Point,whenever Price comes to that Zone it HAS to react.
100s of Books if say otherwise i will never belive that,becoz it is my cognizence.
Price has to be judged Always in respect to Time then only the significanse
be understood Properly.Vol comes 2nd fiddle ,vol is just one step behind,whenever Price reaches certain zone in a Time path vol jumps in or it can be said Volume Follows.
This is my subjective understanding.