I found this fascinating quote today:
Have you noticed from following this blog, that when share picks appear, after some days of run in that scrip, the news in that also arrive. e.g. Mahindra and Mahindra was recommended since many days and today is the news. Sesa Goa, JSW steel were recommended and then after their run up news arrived of import duty on steel. This is the worth of technical analysis, it gives you pick before the market gets the news. You can buy before actual demand comes and before the price rises too much. Thus, you can get the advantage of the price difference and earn more. Jagruti Fadia, Jagruti's Research on BSE/NSE, Jun 2009
You should read the whole article.

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