What I'm getting from most of what you're saying here, is that technical analysis is by and large an instance of humans seeing patterns where there are none, that for example when the price movement on a chart paints a flag or a pennant, that there is no possible way to to tell in advance it would paint that picture, but that such patterns are merely assigned to it in hindsight. Is this on par with your view, or am I misrepresenting it?
RE: Moving Averages in Trading