Fundamental Vs Technical Analysis?
http://www.traders.com/Documentation/FEEDbk_docs/Archive/022003/Abstracts_new/Doyle/doyle.html http://www.traders.com/Documentation/FEEDbk_docs/Archive/0999/Abstracts_new/snead/snead09.html Fundamental data is common information. Everybody has this common information, but the knowledge gained by this information depends on what logic one used to arrive at this knowledge. If everybody has the same knowledge, then nobody has an edge. Although, it is impossible to determine a person’s reaction to information or situations, there are always some basic trends in behavior driven by fundamentals as well as some random elements (emotions). Only TA can provide the edge by exploiting temporary psychological conditions or emotions, but the market as such is not emotional. Markets have no favorites, so, it does not make sense to be emotionally involved in the market. How one thinks of the market is unique and exists only in one’s own head. To win one have to ensure that one’s version of the market