From what I'm seeing of technical analysis, even in downward trends you can be profitable if your timing is not necessarily perfect, but within a good ballpark?
heh, you can always be profitable. when the dollar fell from 1.55 - 1.20 a year ago, everyone in wallstreet was losing money hand over fist and theres nothing thye could od about it....... using shorts, I'm sure this made many forex traders very very wealthy.