Criticas al análisis técnico y al análisis fundamental en la previsión de tendencias

It is suggested here that a technical analysis of stock and shares is not the panacea for decisión making in investment. It is however, a tool possessing considerable application for the purpose of estimating future market trends, and is moreover used in other, non-financial markets. When combined with Fundamental Analysis, the Random Walk Theory and the Odd-Lot Theory, il provides extremely valuable information for decisión making. Not forgetting that there exist inherent market forces which are subject to no kind of analysis, although there may be analysists who insist upon explaining certain situations on a posteriori basis, and regardless of the amount ol figures they produce, that situation must always be remembered.