By The Closet Chartist | Sunday 17 November 2013
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
There are some who criticise the fine art of technical analysis. One of the issues that the non believers have is that TA tends to be a lagging exercise, with the risk of following the trend and getting stuck having bought in at the top, or gone short at the bottom.
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