2min chapter

The Compound and Friends cover image

Relative Strength

The Compound and Friends

CHAPTER

The State of Technical Analysis

I look at the US embraces technical analysis less than overseas and countries like India and Australia and Japan. I would say that the US and the prudent rule standard, you have to manage money if your constituents based on fundamentals has limited people from getting into technical analysis because they've grown up learning about fundamentals their whole career. High volume breakouts are much more important than what something does relative to a 200-day moving average or 50-day. There's slippage. People don't manage money correctly. They do things wrong.

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