"The chart usually tells a story."? If you look at the chart alone, would you get an idea on what's really happening in a company? No! How about if you look at the financial report alone? Would you get an idea on what's really happening in a company? Absolutely, charts and TA are just noises, it's just a way to entertain yourself.
" And we will get more buyers when we break the long term downtrend. " No! We will get more buyers OR sellers depending on the news. Trends and TA don't play a role much here. They just reflect what already happened in the past. That's why you don't use it as a guide to predict the future.
I am really curious what books you have read about value investing, because I've read almost all of it (Ex: Benjamin Graham, Phil Fisher, Mark Howards, Seth Klarman, Jason Zweig, Joel Greenblat and more), and non of them would participate in Technical Analysis hysteria, NON...ZERO.
If you have read Margin of Safety by Seth Klarman, he talks about the "Value Pretender." Makes me wonder if you are one of them. But one thing I'm sure about you is that you know your stuff very well, you just keep falling on these traps that I previously stated.
