Yes, charts can reflect the past but they don't predict the future. Probably not an hour into the future. I'm still waiting for academic proof that they can do that.
What's the alternative to brain-dead technical analysis for slobbering penny stock addicts? You think any "player" is going to tackle the study of accounting, law, economics, business, etc required for real fundamental analysis? You'd have three or four people posting on IHUB. (me and three others perhaps)
Stop by my two Berkshire Hathaway boards and read posts by the best, the brightest... and the wealthiest. I even include a lot of footnotes.
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