Technical analysis describes different ways of predicting the future of the stock/futures market based on its history. Unfortunately, technical analysis is not an exact science. Many prominent scientists label it as "voodoo science".
They claim that due to market efficiency, if you use TA to find your entry positions, you're no better off than someone who chooses those positions randomly.
Market efficiency means that all the available information is already calculated in the stock prices, and that you can only guess how the price will behave in the future.
By Zoran Kolundzic
www.eminitradingcourse.com
Read the full article here
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