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<p>[QUOTE=&quot;Cloudsweeper99, post: 1359013, member: 3011&quot;]I would urge caution.&nbsp; Many of the best technical analysis investors like Jesse Livermore, Bill O&#039;Niel, Curtis Faith, Richard Dennis and others -- people who have made enormous amounts of money using technical analysis instead of writing blogs -- have clearly stated that technical analysis cannot predict market prices at some future date.&nbsp; It uses historical price and volume data to determine when the probability of gain exceeds the probability of loss [a buy signal] and when the opposite is true [a sell signal].&nbsp; The internet gurus are, for the most part, snake oil salesmen regardless of how well they write.[/QUOTE]</p><p><br /></p>

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