Who remembers when fundamental analysis was considered the only real or proper way to make
trading decisions? When I started trading in 1978, technical analysis was used by only a handful of
traders, who were considered by the rest of the market community to be, at the very least, crazy. As
difficult as it is to believe now, it wasn't very long ago when Wall Street and most of the major funds
and financial institutions thought that technical analysis was some form of mystical hocus-pocus.
Now, of course, just the opposite is true. Almost all experienced traders use some form of technical