All in a day's work

From Wikipedia: "Technical analysis is the study of market action, primarily through the use of charts, for the purpose of forecasting future price trends.".In its purest form, technical analysis considers only the actual price behavior of the market or instrument, based on the premise that price reflects all relevant factors before an investor becomes aware of them through other channels."

I was talking to a friend recently who told me that candlesticks do not work. Reason being he ignored the financial and fundamental issues but depends wholly and only on TA, just the fat, short, black and white sticks with tails @ the top and end.

. To state my point, TA is but an indicator or a tool for analysis on counters. We must nore forget that markets are all INTER-DEPENDENT.

eg: DJ drop, SG may drop as we "look" up to them. HSI rebound heavily, STI may not rebound as much. It's all dependant on how much we "look" up to the investors in the bigger market. How can an island of about 4-5m population stand against the WALL Street or HSI, not forgetting China. We are just small frys in a way so.... do be careful when you trade. Look around. Don't get your funds locked down.

TA is afterall but one of the tool for analysis.