RE:RE:RE:You cannot beat TA!Dude, if you think that the algos and hedge funds follow patterns then you are an idiot.
The algos trade so fast and make their pennies before you even SEE the price of the stock fluctuate due to co-location.
After that, I guarantee you that they use sophisticated stochastic or probablistic models that have about as much to do with your so called "charts" as a childs drawing to the Sistine Chappel. These are sophisticated MATH and STATS based programs, not human driven visual chart based.
Money10179 wrote: Marcel7 wrote: Total BS. A chart only tells you what has happened. Not what is about to happen.
You use the chart to speculate. If it goes the other way you then come up with a new chart to describe the price action (or alternately say the chart has "broken"). It is pseudo-science at best, deception at worst.
What I know is this. You show up a few days ago spouting doom and gloom. And then are yelling at people to sell now? You are a short. No doubt about it.
Noone worth their salt trys to tell people what to do outright. You are trying to spread fear.
Again, I would caution against selling to the shorts at this price. They will gobble up your shares and be gone and you will miss out on the snapback.
Money10179 wrote:
The chart is a visual interpretation of price action, when the chart tells you "look out below!" you have to listen! Or you lose money!
who do you think does the majority of trading? Computers! what do computers do? Follow algos and patterns(TA)! barring any announcements or good news, this will trade with the current trend until that trend changes. We are now in a downtrend