Some people believe TA works and that there is such a thing as a trading system. Such misguided fools. It works once, twice, even a third time... and people are allured by the system (without realising that it's only a statistical anomaly - a sampling error).
I remember Derren Brown had a show demonstrating this effect... worth a watch.
http://www.youtube.com/watch?v=9R5OWh7luL4
AGO Price at posting:
$1.02 Sentiment: Buy Disclosure: Held