US stocks EOD Adjusted for dividends, GOOD or BAD!!!

FT79

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What are the (dis)advantages when using EOD adjusted for dividends for stocks??? Imho it is better to use data that has been traded on the exchange, because when using technical analysis I analys people who have bought or sold on a specific price level, and they don’t subtract the dividends they have received of that particular stock. Especially concerning short-term traders.

Do you agree/disagree and why???

Thanx in advance,
FT79

PS. Is there any info about this subject when using TA???
 
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