Insightful two sentences. Never underestimate the power of a compelling story (regardless if it is correct or not) on the minds of people. Most are hard wired to buy into narratives that ring right to them without subjecting the story to rigorous analysis.
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well duh. there are thousands of EW traders even though EW was created as a tool to hide insider trading. (the many believers that subscribe is a bonus) you cant beat stupid.
People can call technical trading whatever they'd like, but they can't argue with results. I'm sure some people or even most people fail at technical trading, but I know technical traders that have made millions in the span of 2-3 years and for me, my trading profits is nearly quadruple that which I make from my full-time job....and I'm strictly technical.
People often confuse a bull market for brains. Not saying that's the case here, but anyone with a long bias the last 2-3 years has made a lot.
%%%%%%%%%%%%% IBD related chart[see his book] for 200 years does also. Not a prediction; since Bear,LEH, GM..... went bankrupt.