That self-fulfilling prophecy is only a rumor started by the FA crowd. If it had substance then how does it explain Gann, Wyckoff, Elliot, Lane and numerous others who were using FA well before more got involved with it through the ease of the home computer.
The market is geometric in nature, therefore numbers do not lie. Only the accountant does. It's a shame that most claiming to be accountants are not and would have a great deal of trouble counting the till after a nights take at the local bar.
The guy asked for a book, I just recommended one for him.
Only my opinion of course.
That self-fulfilling prophecy is only a rumor started by the FA...
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