Your first one was the best "face reality.....etc" even if Jack Welch was the original author, you had to find it.
Your second one is incomplete IMO. Prices move on perception plus the prevailing sentiment at the time and manipulation if it is excessive.
They combine to form a chart that gives an indication of the direction via lines that have created formations in the past so it's reasonable to assume something similar will happen again. But nothing is set in stone and both TA and FA are only guides.
Other things, such as an 'Act Of God' (mine cave-ins, floods etc) that can't have the price pre built-in all play a part, as do geopolitical happenings plus institutions other than government interventions. That is something I think you don't agree with but they are a common and never ending threat even if they do not come to fruition.
If, for example, China or Russia were to attack America, lines on charts would be worth about as much a cold sausage at a butcher's picnic with not even any sauce to put on it.
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