What does /biz/ think about the dowsing way of technical analysis?

>>1070565
I think it sounds legit. I'm in my final year of finance and we do this all the time.

80% profits on my portfolio YTD.

>>1070565
I agree with OP that the Earth is flat.

>>1070565
Looking for bullish divergences in macd and rsi isn't rocket science, you all act like TA is this magical fairly lottery wizardry that's impossible, but it works

>>1070668
Earth is flat indeed. Personally i see no signs of earth being round so it must be flat

Technical analysis only works because it's a self fulfilling phrophecy.

Every tom dick and harry is watching those fib levels so you can get high probability it will bounce from those or resist from those.

Trading on sentiment and news is better.