Wrong???? Nothing is exact in technical trading. It is a combination of using previous formulas that often work along with educated guesses that take into account market psychologies. I think SignalSwiss does an excellent job in reading the market and anticipating what will likely happen using a combination of wave theory, trend lines and other indicators. The market is made up of people making decisions, not only machines. People are not rational and do crazy things, so don't expect the market to be rational or follow rules. But people in a broad general way do follow specific characteristics which is why indicators work. IF you can read the "mob mentality", you can do well. But you will be wrong a good percentage of the time, just like real life.