Why Technical Analysis Fails Investor behavior tends to eliminate any profit opportunity associated with stock price patterns. Sell If it were possible to make big money simply by Sell finding "the pattern"in the stock price movements, Buy everyone would do it and Buy the profits would be competed away. Time 1212 Why Technical Analysis Fails Why Technical Analysis Fails Stock Price Time Investor behavior tends to eliminate any profit opportunity associated with stock price patterns. If it were possible to make big money simply by finding “the pattern” in the stock price movements, everyone would do it and the profits would be competed away. Sell Sell Buy Buy