New TA/Charting, page-8924

“Some have never learnt the finite difference between what a sp is doing right now and making a sensible decision and being caught in the web and trap of predicting.“
How true, as some really suck at it. We have seen example after example all the way up from 5.3c. Predictions of retraces in SP based on unconfirmed chart patterns or even false interpretation of those, as well as false interpretation of EW wave counts etc you name it. All that while at the same time suggesting that predicting SP targets is a mugs game and only fools do predict or trying to foreshadow moves to come.
However some are quite successful doing just that based on the TA model, theories and methods they use and are experienced in. Personally I wouldn’t know why I should enter a stock if I haven’t identified a low and a confirmed trend from there. Then I would want to have a possible or probable target and with that a take profit point, which with revaluations along the way I can adjust according to my trading/investment plan. How else can the trend become your friend?

So I guess it once again comes down to each to their own