RE:RE:Cup n' Handle On A Weekly ChartHey metalhead.
Not to burst your bubble, but most serious analysts rely on charts as well.
Can a chart predict a single event (permit) in time ? Of course not, and no one is saying that.
Charts rather predict investor behavior. And to be able to do that you "HAVE" to look into the past.
A wise person once told me that a man should learn from HIS mistakes but a smart man learns from OTHER people's mistakes.
Yet another example of looking into the past to avoid pain in the future is the "Lassonde Curve"
By the way, I am a very skeptic person in general myself.