The discussion sounds like apples and oranges to me.
To me:
Camden is talking about "investing" in the banks. Buying one of the big 4 banks is a great investment since you get decent dividends and with a buy and hold strategy you should get decent long term returns with no worrying about timing the market or worrying about getting in or out. This is Warren Buffet's strategy.
Mike is talking about "trading" the banks. This would involve timing the market, perhaps using technical analysis to get into a high probability trade where the trade will have to be managed to minimise risk and maximise profit. Nothing wrong with being on the wrong side of the trade as long as the loss is being managed. Gann would be one who employed this strategy.
Both to me are good and worthy strategies.
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