the biggest problem is the fundamental approach, that is once you get brain washed by 'technical analysis 101', you look at the market as a mysterious, heartless, soulless beast.
to about the same degree, conventional fundamental analysis has the same problem.
therefore both approaches fail to see what this game truly is - the smart money picking the pockets of the dumb, day after day.
sentiment and manipulation, the 2 biggest factors driving price movement in the intermediate term, a few days/weeks/months, or in conventional terms - the swing trades, are ignored by both camps.
that's why TA's fail rate is so high, because it's always several steps behind... it has to react what the price has done, many periods ago... or if you react too fast you get chopped... you can never tell if a move is true or a head fake, until it's really late;
Situational Analysis (R) however, as illustrated in my thread and numerous posts, look at the pro boys moves (price and media push) in correspondence with the dumb money sentiment, gives you a clearer picture and you are rarely wrong. A true move happens at the ripe moment, just as head fakes happen when the sentiment conditions are not ready yet.
this is why I keep calling TA garbage because once you experience the clarity of SA(R), conventional TA is far too inferior.
