TA debunked?

Technical Analysis Debunked: 5 Reasons Why We Don't Believe In Charting | Stockopedia Features

Maybe?

I'll get me groundhog...

how did I guess you'd be first up, toastie.

Well, we all got to find some reason to trade.

Yeah. And maybe not. It is used, successfully.

Gotta love the articles bashing ta when the authors don't have the intellect to understand ta and how human behavior, and repeated patterns play out.

Trading is such a free field activity packed with choices and so much data can be inputted that it is not suprising that it can be done badly in an infinite number of ways. So TA as the basic philosophy of trading can be made to look ineffective. But there is no way that the basic truths of TA are incorrect -
1. prices moving in a given direction have a stronger tendency to continue than to reverse
2. price trends are interrupted by minor periods of neutral or counter-trend price action.

i.e., rising prices go up - but not in a straight line.

If you only know those two things, you can work out a profitable trading strategy. Most strategies will fail, but not because these TA truths are incorrect, but because of faulty money management, exacerbated by decisions to rely on technical indicators which are assumed to reduce risk.

Can't remember exactly how it goes, but there's some Mark Twain quote about how history doesn't repeat itself, but rhymes with itself (I'm sure he put it more poetically than that). But the gist is that using TA (ie expecting historical patterns to repeat themselves) isn't going to be an exact science. I reckon TA gets a hard time, much like weathermen do - we have unrealistic expectations of how often they can get it right. Nothing can really predict the future, they're just making predictions based on past data.