/biz/ - Business & Finance

Is technical analysis a pseudoscience? I'm sure it's useful but is it accurate enough to make money?

Consistently predicting over 1% swings seems like a sure way to make money with leverage

Is chart predicting a gamblers fallancy?
>If real benefit existed then the market would be beat by bots created by grad students
>Past should not predict the future, how do you know market has corrected in a certain point?
To me everyone who reads these things just waits until something hits their way and therefore the method is valid. Due to the vague nature of the predictions and the stock market it's extremely likely that eventually something expected will happen.

Am I wrong?