Originally Posted by
BlackPeter
TA is just one investment tool which can help you to identify trends and trend changes. It can't predict unforeseeable events (nothing can :):, but it can help you to see and understand what the market is seeing at a certain point in time. In parts it provides as well self full filling prophecies given that other investors are using this tool as well and coming to the same conclusions.
Any tool able to predict the future with a likelihood better than random is useful, even if this said tool is part of the causes for the future development.
I don't see how a low interest rate environment would change the usefulness of TA ... it is just one of the factors the market will consider when pricing a share.
Up to you whether you choose to use this tool or whether you prefer to fly blind ... but no reason to rubbish it.