I happened to be online last week, following some of my global peers and again noticed something that has been a recurring feature: even the most experienced and well-respected technical analysts still have a tough time in selling the discipline as a viable tool in financial markets. Yes, there are are myriad of ways to make money in the market, which includes Fundamental, Quantitative, Quantamental and many more but when it comes to technical analysis there is often a great deal of doubt that the outcome is less reliable than most other forms of analysis. Peter Brandt, who has been in the business for 45 years is one of the gentlemen who has been successful but is still doubted, while J.C Parets, who services hedge funds and other institutions ofetn describes how thought of as 'voodoo' by the rest of the market. One of my acquaintances who previously traded at a large boutique asset manager and now works as a hedge fund manager, describe to me how Technical Analysis is con...
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