Technical analysis sucks.
I was looking over the Yahoo Finance message board for Briggs and Straton and came across this post...
"Depending on the movement of the market in general should help this stock higher...I am also looking for a entry point...I am just waiting patiently to time my entry with the trend of the market....I like this chart below...It indicates a bearish reverse signal and suggests a price objective of 89...However, please be careful about advice on these message boards and do your research....Good Luck ....
http://stockcharts.com/def/servlet/SC.pnf?c=BGG,P"
Well my curiosty got the best of my, I'll admit it, and I clicked on the link. I found this...
Now I got to a top 10 finance school and for the life of me I couldn't tell you what part of that graph suggests that I should be buying at 89. All I see is a big ass tic-tac-toe game where "x" appears to be kicking the crap out of "o". Welcome to technical analysis.