As a method for projecting future price movement, technical analysis has turned out to be far superior
to a purely fundamental approach. It keeps the trader focused on what the market is doing now in
relation to what it has done in the past, instead of focusing on what the market should be doing based
solely on what is logical and reasonable as determined by a mathematical model. On the other hand,
fundamental analysis creates what I call a "reality gap" between "what should be" and "what is." The
reality gap makes it extremely difficult to make anything but very long-term predictions that can be
difficult to exploit, even if they are correct.