I have other methods of analysing share values. I have written a couple of articles that were published at Seeking Alpha, you can read them below. There is also a national investment analysis technique. http://morganisteconomics.blogspot.com/2019/11/get-strong-long-term-secondary-return.html http://morganisteconomics.blogspot.com/2019/11/money-migration-low-fed-interest-rates.html http://morganisteconomics.blogspot.com/2019/11/make-sure-you-invest-in-right-country.html
Your analyses were based on some form of fundamental analysis. So, you don't think fundamental analysis is useless?
It depends on what you view fundamental analysis is. According to my research of the word fundamental it means core or base. There are other forms of analysis that are valuable. I will give you an example. Try looking outside of the initial investment and look at the surrounding factors that will impact a share's or stock's success. I gave two examples of it in the articles I put up. The first was the impact low interest rates would have on the movement of money into high dividend paying shares and high yield corporate bonds. The second was the government debt level of an economy and the impact that had on a company's long term performance, due to the consequences and actions of the government affecting the economy. Wider, outside of core or base or company centric analysis, might be better in predicting the performance of the company and the value of its share price. This is what I have been using to make predictions for shares and also the wider economy. Another example of this is leading indicators, for example the open of the Australian Index and Currency used to follow the close of the American Index and Currency. This leading indicator helped me to make accurate predictions of the direction and level of prices movements for the Australian Index and Forex. Looking outside of the investment entity's own data for analysis of what makes it move is the first part of deeper analysis. There is another dimension to it. When companies are registered and operate there are many legal requirements and obligations they have to fulfil. This is something legally imposed and is audited to make sure the company conforms to certain standards. The information which is legally required to be disclosed in annual reports and other SEC documents like 10K reports is much deeper than fundamental or core analysis. Another example is investigating into legal cases brought against a company to see whether they have any liabilities which could impact their profit margins. On this level it depends on how far you want to go to look in to what could impact share prices. There are other ways I have researched companies outside of any analysis at all. I used to look at the price for a long time and get a feel for what people were paying for a share and then make a gut decision on whether people would buy it for that price or not, just getting a feel for what a share is worth.
Thank you for your explanation. I consider all of the above fundamental analysis as opposed to TA: charts analysis like moving average, RSI, Bollinger band MACD, fractal, waves....
It seems to me that this is just some kind of delusion and it is necessary to understand in more detail in this direction.