Technical analysis is exploiting inefficiencies in market behaviour to profit, and in doing so, reducing those inefficiencies. It is not value-less work, no mat

Technical analysis is exploiting inefficiencies in market behaviour to profit, and in doing so, reducing those inefficiencies. It is not value-less work, no matter how far removed it is from the end-product that people consume. >>If anything, I felt that I was exploiting supply/demand shocks using capital from investors that I was lucky enough to know. This helps with the allocation of physical resources. The faster prices are aligned with supply-demand dynamics, the more efficiently those physical resources will be consumed. When there is a major shortage of a commodity, you want people to start conserving that resource as soon as possible, and that is what an increase in prices brought about by traders like you results in.