[MrPrena]

Let me be the first to say, I love technical analysis.

It is a great way to find out when I can find the good entry and exit point/price, relative to time, volume, and dv. However, there are so many "eyeball" "draw a cockeye line" Technical Analysis. People who actually does the real TA, calculate the metrics of it.

Yes, Technical Analysis will be totally off when there is some crazy stuff or miss earnings by 10% type of event. However, it is as important as other indication/indicators such as Fundamental.

Back in the 50's specialist/market maker will be standing on NYSE and traded stock based on supply and demand. Now, they use computer and algorithm to predict the market based on every variables and factors out there.
Therefore Technical Analysis followers are getting more accurate and accurate by time.

Investing Solely based on TA is just ridiculous, but dismissing TA is even more ridiculous.