Isn't it at best kinda like a self-fulfilling effect?
If enough people believe the price will follow these trends, their collective belief will make it happen...
It could be, but the trick is to discern the movement before it gets too apparent to too many others, then get out just before the movement changes direction. I have to say that in many cases you are competing against front-running algorithms, which makes maximum gains almost impossible, because they get there first.
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Yeah... nothing for me, for sure. TA seems like too much time doing something unproductive... but I'm sure some people enjoy it and a select few make some money while doing so.
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