Uh-oh. Just skimming through the gold and silver corner of the internet and I found this fiery piece
Why technical analysis does not work for gold and silver
- I have a secret to tell you-"T.A." (as it is called by the "in crowd") is USELESS. "Cup and handles," "hanging Chinamen, "engulfing knickers," "tombstone dojis"-you can fire them all in the waste bin because that is precisely where they belong.
- charts are CREATED by the bullion bank traders in order to trap the "chartists" (and their subscribers) into false senses of security.
What say the traders of ForexLive?
