Andrei Postelnicu writing in the Financial Times notes that a great deal of media attention was paid to two high profile departures of technical analysts from Wall Street firms.

The dismissal of two top-ranked Wall Street technicians, neither of whom was replaced, did not go unnoticed. It prompted questions about the relevance of the discipline in an era when the emphasis has shifted to fundamental analysis and calls on individual stocks, rather than to grand calls on the overall market.

However, those questions already appear premature. Mr Acampora had barely been unemployed for 12 hours when his phone rang and Knight Capital, abroker-dealer, invited him for an interview, which resulted in a job offer less than a month later. He is now ensconced with Knight, in Jersey City, where he talked to the Financial Times last week. He remains as breezily bullish about the future of the markets, and of his discipline, as he was during his days of fame in the 1990s. Similarly, Ms Yamada was encouraged to continue her work, and a new outfit bearing her name has been producing technical research for more than six weeks.

Apparently many investors still find some value to technical analysis. Technical analysis should be more valuable given the current choppy market environment. During the Internet boom, everything technology related was going up. One need only pick amongst the gainers. Whereas today with generally muted equity markets the need to generate incremental returns is more valuable than ever. Every investor needs to create their own investment models, but for many, technical analysis will continue to play an integral role.

Thanks to Ticker Sense for originally noting this article.

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