| blast_investor Fri Feb 17, 2006 8:38 pm |
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This is true. Value can be created by any selling, including selling from TA traders. Any extra selling is helpful.
On the other hand, the US stock market is dominated by institutions, how much selling power from TA traders is questionable.
goog wrote: I would think that use 52 week low information has something to do with TA. The reason why some people check 52 weeks low list might be that VIs believe that 52 week low could trigger a selloff by those technical people such that create a value opportunity.
In the market, value could be created in a number of ways. TA is one of them though not a major one. As a value investor, the more TAs in the market, more chance for value pick. |
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