Technical Analysis is financial astrology. There are too many variables whose importance changes too quickly to allow any mathematical formula to accurately predict performance of Market. It's like Science claiming that it could predict crystal structure of next snowflake when there are an infinite variety of potential snowflakes. It's simply impossible.

It's true that economy operates in cycles. It's easy to identify historic economic cycles and discover primary reasons that each one occurred. However, to extrapolate from existence of economic cycles to Technical Analysis is like noting fact that people and objects don't fall off earth and assuming that earth is flat.

Fundamental Analysis might work in an honest society using objective evaluation tools and operating in a stable reality. Enron and WorldCom are just two examples of hundred of thousands of examples that show honesty in business is a rarity. Business audits aren't objective. The Generally Accepted Accounting Principles (GAAP) have more loopholes than a sponge has pores. Today, world economy is anything but a stable reality. We are walking along an unstable cliff that will soon plunge us into a Recession and eventually into a major Depression. Many fundamentally sound businesses will be swept away in this economic collapse.

The concept of debt consolidation is simple. You transfer debt from one or more high interest loans to a single, larger loan at a lower interest rate. The most popular way of accomplishing this is to transfer debt from a credit card, which often carries an interest rate of 20% or more, to a home equity loan with an interest rate of less than 10%. By doing so, you can reduce your debt payments by as much as several hundred dollars a month. Those taking out home equity loans for such purposes should be careful and be aware of following potential problems.