The Black Swan is why I don't place any trust in the stock market at all.
And yes, technical trading is betting on just above average odds. But there are people who make a living off of it.
My recommendation, to be more succinct,
If you don't have the skill, the knowledge and the guts (emotional control) for technical trading, Don't do it. All you will do is lose money.
The problem is a lot of people will overestimate their skill, knowledge and emotional control for technical trading.
That is indeed very true. (And truth be told, many of them are just addicted to gambling.)