If anyone is interested in finding out how physicists are using Technical Analysis to predict major market swings, check out this article in the May 2002 edition of Scientific American: http://www.sciam.com/2002/0502issue/0502scicit5.html I have an undergraduate degree in Physics. I can just imagine what and how these people are thinking!
I'd think these guys were geniuses except for one thing: they come up with a way to predict market crashes and then tell the whole world about it so every financial programmer on the globe is coding the same thing.