Nah, it depends on how you set your indicators. One person can easily set the indicators of a chart to make OTHERS see what they want to see.
You gonna short a penny without a chart, you gonna jump into a penny if the RSI is beyond maxed and the CCI is up 300 plus? Me, I'd wait for a dip...you goinna trade options with out being able to read a chart well? and that's just the tip really
But that is the same as news too. One person says that it's great and the other fluff. I think there are areas in charting where 95% would read it the same.
I am a chartist, but I like news too.
Let's get ready to rock and roll.
Good point mentioned by stock clerk. If you are buying into overbought conditions, the odds of success are high.