Can market manipulation make technical analysis obsolete?

Trust me technical analysis works! But I will be the first to admit that my analysis has been off since the second week of September. Lines of support and resistances still work but the magnitude of the pullbacks and retracements are off.

Yesterday was the second time since September where we had had a clear breakdown in the market. But just as before, the market gaps higher to recapture all of the previous day's losses.

The markets are being extremely manipulated by some kind of entity. An entity that does not care how much it throws into the market. Its pockets runs so deep that one buy-order can have a profound influence in the market and even more influence in the debasing of the US Dollar.

Breakdowns occurred on 9/23/2010 and 10/04/2010

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