That is extremely false. Some of my best trades over the years have been RSI BAMM (Including the most recent downtrend in AAPL). I have also traded the alt bat time and time again with success. Scott Carney did research on the alt bat if you want to look that up. Also resarch is right there with NFLX. But trade your program. I'll be glad to pick up the money from these patterns, because you believe the pattern isn't worthy enought to be traded.