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'Technical Analysis is the Graphical Depiction of the
Everyday Battle Between Informed Buyers and Sellers
Stock prices are driven by supply and demand?as a company's outlook or fundamentals improve, the shares become more desirable, and its price is driven higher.
The biggest driver of demand is large institutional investors, staffed with armies of bright and well-connected analysts.
Every day, the collective brilliance and breadth of the market battles for position?buyers leap in, sellers bail out. Rather than choose which side we think is correct, both of which have far greater knowledge and access to information than we do, we stand back, observe trends, and identify sectors and stocks for which bulls appear to be winning the battle.' - Rocket Capital
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