Sceptics

For a very long time, technical analysis was concidered hocus pocus, and not very serious. In fact, it is still sneered upon in certain places, mostly by older traders who "knows what it is all about and don't want to learn anything new". 


Well, Jesse Livermore, probably the most succesful trader ever was quite technical... 


I just want to share a quote of his here: 


"All through time, people have basically acted the same way in the market as a result of greed, fear, ignorance, and hope. This is why the numerical formations and patterns recur on a constant basis."