Emotional Freedom Technique: Valid or not?

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Have you had any experience with EFT? The website is http://www.emofree.com I am impressed by the honesty and friendliness of the site. It does not sell the technique itself (though it sells supporting material). The videos I have watched are impressive, as are the claims made for it. It involves tapping on certain acupuncture points while repeating a 'mantra' which consists of a negative and a positive section. It is a procedure easily learned and applied to oneself and the entire procedure is described free on the website. Gary Craig claims to have dealt with problems such as Vet's who have suffered from emotional problems since returning to civilian life, deep rooted fears of water, snakes, spiders and so on, emotional problems from early childhood (abuse, bullying, bereavement and so on) and many other issues where self-confidence - or the lack of it - is a factor. Since many physical diseases can be exacerbated by emotional problems, many therapists have claimed good success in treating things which one does not normally think of as having psychological aspects. I'd be interested in hearing from people who have used the technique and also from those for whom it is new - please spend some time looking at the website before replying, though.