I am a newbie to tech analysis and have only studied it for a couple of months.
I would appreciate comments from forum users as to the success or otherwise they have had with tech analysis. Sometimes I wonder if shapes on a chart become a self fulling prophecy such as when people see a head and shoulders and react accordingly. There seem to be so many theories on charting that if one theory does not fit simply use another to explain away the one that did not fit. I have yet to find one which will tell me where the market will be in 7 days but there a plently which will explain after the fact why the past share market action had occurred. It almost seems that if one theory does not fit into the slot simply pick another which will, voila they say it goes to show it works. I think not. I want to believe but it seems to be like my baby daughter playing with her shapes toy trying to fit a star into a round hole. Eventually she gets one to work.