Charting is an atrocious method by which to invest your money,...

Charting is an atrocious method by which to invest your money, full stop.!!!!

I can point you to a gazillion academic articles which show zero corellation between past and future prices. Some manage to show a weak relationship at best, under certain conditions.

If a Chartist out there can point me to one statistically based study proving that charting patterns are predictive I'll be amazed but happy to learn and grow.

For one, how could anyone possibly know when others will choose to invest and in what quantities. I know a devout Chartist who recently bought into CLQ at 80c+ and ARL at 75c because they wouldn't buy in until they saw a 'confirmed trend' on their subjectively created chart. The prices turned and he ran for cover for quick 10% losses on each. Absolutely atrocious money management. Theses guys are buying in just when profit-takers and all value based managers are looking to exit, and are selling just when the majority of players are looking to get back in.

Use them, profit from their lunacy.