I flagged this post, not because you think different then me about Techincal analysis but because you talk about something you don't know. You did a short study about it and you pretend that everybody that use TA are idiots. Lady, i gradauted in economics 20 years ago and you must know that the most scientific evidence are in favour of TA, even if there is not enought scientific evidence. So the last meta research i read was like 60-40 in favour of TA, you can find it on wikipedia on the word techincal analysis. TA is based on very strong points. Looking the past to forecast the future is the only method in science, even if as i said , techical analysis is not a science yet. In my state university i received my first lessons about TA and the community is divided. Biggest invenstmet companies also use the chartist work. I personally think TA and fundamental analysis both work well in a combined rational analysis.....Not everything that works is proven by science but this does not mean it doesn't work. This field is very hard to test and that is why it looks uncertain.
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