Like you say any monkey could have made 500 x return over that period. But a monkey who could do proper TA could have done 5000 x over the same period. There are thousands of different systems of doing TA, the vast majority put forward by monkeys and then there is the 1% that actually work like EW. Take a look at the thousands of Analysts that use EW and 99% of them are monkeys who do not understand the principals of EW or just do not have the ability to chart properly. TA done correctly by a technician who understands and applys the principals correctly works 75% of the time plus, which is all the edge you need when trading. TA works its the monkeys applying it that cant.
Like you say any monkey could have made 500 x return over that period. But a monkey who could do proper TA could have done 5000 x over the same period. There are thousands of different systems of doing TA, the vast majority put forward by monkeys and then there is the 1% that actually work like EW. Take a look at the thousands of Analysts that use EW and 99% of them are monkeys who do not understand the principals of EW or just do not have the ability to chart properly. TA done correctly by a technician who understands and applys the principals correctly works 75% of the time plus, which is all the edge you need when trading. TA works its the monkeys applying it that cant.