Is technical analysis subjective or objective?

Hi guys,

Just been doing some research and was wondering what the overall consensus is on technical analysis, is it subjective or objective?
Can two people looking at a chart with an indicator e.g. simple moving average, MACD or a momentum indicator (your indicator of choice) etc come to the same conclusion?

Please share your experiences.

I'm no supporter of technical analysis, think it's a waste of time. That said, it depends on what type of TA you're using. A moving average is objective - eveybody using say a SMA 20 on a daily chart will see the same number. Ditto for RSI, MACD, stochastics and other such indicators. Subjective TA would be stuff like Elliot Waves, any Gann garbage, or looking for head-and-shoulders, pennants, flags, etc ( classical chart analysis). None of them will work and if you follow TA, any kind of TA, you will lose money. Forget TA - watch important economic numbers and how the markets react to them.