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<p>[QUOTE=&quot;Cloudsweeper99, post: 1437694, member: 3011&quot;]I&#039;ve read comments from some technical traders indicating that it doesn&#039;t work as well now as when few people used it.&nbsp; And if you can find a market with few technical traders, technical analysis will work better.&nbsp; I agree that technical analysis doesn&#039;t have much predictive value, and it isn&#039;t designed to.&nbsp; The purpose is to determine right now whether the probability of gain is greater than the probability of loss.&nbsp; Any chartist who extends a trend line beyond today [in a predictive sense] doesn&#039;t fully understand the practice of his art.[/QUOTE]</p><p><br /></p>

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