Many people have this misconception that technical analysis is only for the day traders and the swing traders. Nothing can be further from the truth. For example, Elliott Wave Analysis is a powerful tool that can be used in making investing decisions. This article on using Elliott Wave Analysis to invest in Mid Caps is well written. You should go through it and learn how you can use Elliott Wave Analysis in making your investing decisions. Keep an eye on the third wave and you will always be able to make a good return. This is what the author of this article says: “As investors, we should be alert to key levels where there could be turns that will be great to exploit. As a practitioner of the Elliott Wave approach, I have seen some extraordinary results by waiting patiently for key levels before moving in. You, too, might benefit by incorporating this approach in your strategy. ”