Thursday, December 1st, 2016

August 27, 09 Stock Trading –Technical Analysis – sideways A Reuters’ reported on why the markets rose today. I am getting sick of everyone NEEDING a “reason” why something happened. We’re in a bullish “high-base” formation and that the markets really didn’t go anywhere?

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5 Responses to “August 27, 09 Stock Trading –Technical Analysis – sideways”
  1. Poejj says:

    Never said I didn’t use them. Simply think they are over rated as a predictive tool.

  2. FreeTradingVideos says:

    I use to try to trade without charts. Let me know how it works out for you. ๐Ÿ™‚

  3. FreeTradingVideos says:

    The pattern is, what it is. our opinions don’t hold any weight in the markets. Sometimes I wish they did.

  4. Poejj says:

    No single group of traders have been more wrong over the short term than the technical analysts who have been screaming correction since the end of May. They have been shorting the market over and over again only to be completely wiped out.

    Charts are great for showing what has already happened. They are wildly over rated as a tool for showing what will happen.

  5. pentium2028 says:

    Raising wedge, MACD divergence… People have been saying this since May and guess what? The market keeps going up.

    To call today’s intra-day reversal a sideway action is missing the bigger picture.

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