This is the conventional retail investor perspective. But also, its a tautology. gravitates toward intrinsic value? The current price is the intrinsic value, th

This is the conventional retail investor perspective. But also, its a tautology. gravitates toward intrinsic value? The current price is the intrinsic value, the market prices in all durations, short or long run. What you're trying to say long term market value correlates with technical analysis, but is this true? You can't prove/ disprove this, because its "intrinsic value" can just be replaced with "price". So IMHO, your words are equivalent to: "The correct perspective, aka reality, is that price gravitates towards the price in the long-term."