Most investors think that Technical Analysis is some form of voodoo. Others believe it is a self fulfilling prophecy. For traders, it is an indispensable tool in the search for an edge in the market. Technical Analysis combined with a basket of fundamentatlly strong stocks give you a clear edge.
In general, people want to have it black or white. In trading, it is mostly gray. Technical analysis is one of the available tools to allow you to determine the shade of gray you are dealing with.
If you are an investor, add this tool to your fundamental stocks selection criteria.
If you are a trader, quickly get your hands on the John Murphy's book to get a better understanding of the tug of war going on out there.