Dan, when you say one should trade the chart and the trend, do you stop for a moment and think what will happen if everyone does that? There will be no trading. Hell, there will be no market left to trade! Because everybody would be as clever as the next guy!
It is the ignorant of the market movements who buys in the middle or at the top of the market rallies from the profit booking knowledgable punters, and then gets left hanging on top with no more buyers, and then sell at loss in panic! That has always been the case. Will always be as long as human beings are what they are. So, saying words like these might look impressive to the foolish and gullible but in reality they are hollow and of little value to the one who knows better.