Burk: I wasn't saying you think TA is worthless, but there are folks that do. I've been confronted by them in the past.
I think the best point we can make, is that everyone should use what works best for them. Then in the spirit of sharing present your work, analysis and conclusions. Then, instead of us trying to change each others minds or remind them of their fail prognostications, let the market to do what it always does, get around to proving who was right and who was wrong.
IMO, the most important thing for each one of us to do, is to do our best to be on the right side of the moves, a little before turn, at the turn or a little after the turn. Or to recognize there is no turn in progress, stick with the trend.
The next best thing is to recognize in a timely enough manner when you are wrong so as to not suffer major losses.
I find charts useful at intermediate bottoms and tops. I have shared my expectations online now since mid 1998. So there is a long track record online of my use of technical analysis to identify tops and bottoms. A few others have done both as well over the years.
Frankly, I think trading and investing is difficult in any time frame. Some folks do better in different time frames. Folks should stick to what works for them. If trading and investing were easy, hell everyone would be rich, right?...gg
Folks when posting should always include the Index or Stock of which they analyzing and state the time frame of their expectations. This might quail a lot of the disagreements...
Regards,
LG
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