Technical analysis doesn't have any science backing it up. However, as most pop books are some form of swing, candlestick, Bollinger bands, mean reversion, it creates a self-fulfilling prophecy.
If you're going to play the markets, it's quantitative analysis or go broke. And that is a literal go broke!
In the same tone, there's a stock XYZ at $1. I think it will go to $10 in the next year, so instead of buying in at $1, I buy at $8? Wow. On Wall street, this is called "dumb money".
> It just goes to show you that even if you're at the top in a huge market, you could be forgotten about within an instant.
I mentioned Microsoft because they were at the top. How did Windows 8 go? From all the delayed orders for Windows 7 I keep seeing in shops, how do you think Windows 10 is going to go? Here's another example - how many people do you know a) use a Microsoft phone as their primary driver and b) actually love the experience and c) aren't waiting for their contract to expire so they can jump ship to Android/iOS?
They are slowly becoming irrelevant, more so as we move further online and our machines turn into simple dumb terminals.
I've had a play with Ubuntu on the Nexus 5. I don't think it's a daily driver for me yet, but I'm excited and they look like they are working hard to get there. Can't wait.