Sir, I have a question.
I did not know when technical analysis got introduced to retail participants. Institutions may have got access to TA, and other data and price related technologies decades ago, and as such, there may have existed certain market inefficiencies in the past in our market, due to information asymmetry and tech not reaching retail.
Efficient market hypothesis may just be a hypothesis, but considering the availability of information, the reach and speed at which everyone has access to it now, and many things pertaining to the market are available for free on internet, a lot of things are becoming common knowledge, and as such, have you observed anything in particular in your experience which you think has changed w.r.t TA and will remain so, and will not go back to its initial state?
To put it simply sir, if everyone knows about candlesticks, patterns, trend lines, support and resistance, Fibonacci etc, and take actions based on these aspects, and not panicking and selling unlike before, has the chance of a view based on TA becoming true is less now, or TA is TA, has been the same for centuries, and will remain the same, it is the fundamental investors who move the price in general, for them TA does not matter, their focus is on the business and valuations, and there will always be humans emotions present, so the probability of TA becoming true or false will always be the same, and can be relied upon, with caveats?
Thank you.
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