For the last 2-3 months, I have been bombarded by charts written by people who think they know the market. Not only charts, but complex analysis such as the Elliott Wave theory and a heavy topping of indicators and bands. I have seen time and time again their charts and signals simply wrong and wrong some more. I was using them at first, but then figured out quickly that none of it works. I am of the opinion now that only simple analysis of just looking at the chart and making an observation of whether its going up or down works...nothing else. My thinking is the majority of people who post these complex charts and analysis are just bored at work, but are not really professional traders. I have made more money by simply dumbing down then with all these complex things.