i think that is partially true...however, think about the first thing you do when there's news on a stock, or you see a stock posted, you go to the historical chart - why? because it's very easy to see if it's frontrun, if it's about to collapse or if it looks good for a run..
and we've made a living off of following stocks like tide, edig, imds, cypt, covd ( especially ) and others because the charts tell us when to go...
but i know what you're saying...