Stupidity Digest How To Never Be Wrong In Technical Analysis

There is a stigma with reference to being wrong in technical analyst circles. The dishonor is so prevalent that it leads famed technical analysts like John Murphy, thought of by many to be the grand daddy of modern day technical analysis and inter-market connections, to say he is a reviewer only and will not provide concrete buy or sell recommendations.

I beg your pardon?!

If you trust in what you advocate, why not give buy and sell recommendations for no other explanation than to provide evidence you can make money with technical analysis! That is something that I will always disagree with John Murphy and Arthur Hill about. I say put your money where your maw is and quit hiding behind this fear of being incorrect and coming up with some stupid excuse that you are a technical analysis commentator only. That's a big cop out.

However worse than chickening out is to re-draw your trend channel lines and hope no one will recognize the place you had it beforehand. That is technical analysis fraudulence and something I individually witnessed 5 other stock technical analysts do over the previous couple of weeks.

No one is ever faultless in their technical analysis. Every person gets it incorrect. Thus if getting it wrong from time to time is a essential part of what it means to stock trade then why are so many technical analysts scared to divulge when they get it wrong? Why do the bulk of technical analysts act like they are neutral technical analysis commentators for panic of being mistaken? Why are some technical analysts so afraid of being incorrect that they re-trace their trend channel lines and hope that no one will consider where they drew it before?

In this episode I let you see a current case in point of technical analysis trickery.