When I first started investing, I talked to a lot of stockbrokers. The majority of them relied solely on fundamental analysis' as their decision support tool, quoting from company financial reports and earnings research for their investment advice. They fluffed off technical charts as hocus-pocus. Their standard chant: „I've never met a rich technical analyst.“

Tugging on the other end of the rope were the card-carrying'members of the technical analysts' club. „Who has time,“ they insisted, „to comb through pages of sleep-inducing reports? A chart tells you all you need to know.“