CTM chart, page-16

I would not exactly say it is a problem with chart analysis. A purely technical traders' approach
to markets is not the same as that of a fundamental investor. They will both be right and wrong
at times. Right and wrong must also be measured over a defined timeframe. Some traders
make very good money on shorting great companies that go on to generate great wealth for
longer-term holders who would laugh at the prospect of shorting them. CTM could in theory
see some shorter-term downside even if it does outperform overtime. Some integrate the two
approaches and others are more towards the extremes of the distribution. I personally see
no contradiction between the two in terms of validity in general. The challenge is to know
where one stands and not be affected negatively by those from another school of thought.
IMHO