cd_vision (![[info]](http://l-stat.livejournal.com/img/userinfo.gif){kind=small} cd_vision) wrote, |
I can assure you in a most assured way that they do. If you want a really great read on it, check out "Full of Bull":
http://www.amazon.com/Full-Bull-Str
Basically, ignore analysts because they are there to sell their products to institutions. Their reports can be useful but don't rely on buy or sell signals, they're frequently meaningless.
Thing about these patterns too, is yeah, they might very well be right, but how do you know when to start buying? By the time the pattern changes, you may have already lost your bargain.
http://www.amazon.com/Full-Bull-Str
Basically, ignore analysts because they are there to sell their products to institutions. Their reports can be useful but don't rely on buy or sell signals, they're frequently meaningless.
Thing about these patterns too, is yeah, they might very well be right, but how do you know when to start buying? By the time the pattern changes, you may have already lost your bargain.
