You are right in that sense, I am very much a quant and find ‘technical analysis’ interesting only in occasionally telling me how other people might behave. However, I like to have the market at my back, i.e. I make no attempt to be a ‘value’ investor, just a GARP investor.
I prefer never to invest unless RS has been > 50 say, for 1, 3 and 6 months and preferably 12 and really would expect the more recent figures to be much higher.
My screens are awfully prone to throwing up value traps. RS is one measure among others which eliminates them during DD.