Ah son of a bitch I wish we could actually talk about this stuff in person. I can't write in depth about this stuff for a plethora of reasons...All I'm going to say is that the popularity of certain types of analysis, and what is recognized as "fact" where any intangible market is concerned, move in large cycles. The type of market philosophy you have just done a nice write-up on has grown in popularity over the past decade, and it was also popular during two different eras of the 20th century. Another broad-based form of philosophy (think Warren Buffet) regarding markets has been popular during other eras. Both have been "proven" in as much as they can.Probabilities. It's all about probabilities and behavioral psychology/physiology en masse.