Fundamental or Technical Analysis? - Revisit 2

Fundamental or Technical Analysis? - Revisit

"Much of technical analysis is magical mumbo-jumbo that people think will tell them where the markets going. And it never will. It's just a bunch of nonsense. Unfortunately, I've also participated in it" - Larry Williams


Who is Larry Williams?
 
He is the author of nine books, and his latest book, The Mount Sinai Myth, is based on an archeological search for Mt. Sinai in Egypt, was later featured in Vanity Fair in a re-write by Howard Blum.[1] Royalties from his books go to a scholarship at the University of Oregon in honor of his college professor, Max Wales

Williams has created several market indicators including Williams %R, The Ultimate Oscillator and value measurements for commodity prices. He was the first recipient of Trade Stations Life Time Achievement Award. Williams won the 1987 World Cup Championship of Futures Trading from the Robbins Trading Company were he turned $10,000 to over $1,100,000 (11,376%) in a 12 month competition with real money. Ten Years later his daughter Michelle won the same contest