Cycles all have tops and bottoms. One has to be able to plot them and their swings. The ability to create a static framework of those swings isn't futile but simple.
Goldboy, now I know you're talking out of the top of your head, cycles actually are naturally occurring everywhere, including the market, they are relatively easy to read and see if you know what to look for. And what's more cycle peaks and troughs are predictable before they occur with TECHNICAL ANALYSIS INDICATORS, I've done it loads of times, and I'm quite comfortable with my technical biases. Cheers pal, you've just resolved this entire debate for me. Now I dare say that there's no danger of you producing any FACTUAL evidence or reasons as to why TA doesn't work is there, put yer thinking cap on.
Fact . . . no fiction. Facts can be verified. Natural price cycles aren't pseudo science, it's simple physics. I don't teach any longer, retired. Too much fun trading and watching people like you post their continued bigotry toward natural physical research. How's that Euro trade going for you. Over 430 pips down now and that isn't counting all the times you probably "averaged in". Blow out another fund yet? You can always blame it on one of your imaginary Black Swans I guess.
Shame you've given up teaching Prof, based on the HARD EVIDENCE you've shown me in other threads I'd sign up to learn your methods.