RE:For the PoxBuccaneerBilly wrote: My theory on line chasers is that they are just lazy people. One can look at a chart of anything, stick in moving averages and bollinger bands and whatever else and in about 30 seconds you think you know everything about the item in question. Furthermore, anyone who believes TA applies to a stock like a jr explorer like nvo is just retarded. So here you go putz, listen to Nicky. Yes, it takes more than 30 seconds but you might learn something.
https://www.youtube.com/watch?v=VBvEAkoXZts
Billy Bob Billy Bob.
Hey B^4
I think what you mean by "just lazy people" is that they focus on chart patterns rather than company fundamentals. From what I've learned, observed and benefitted from attending to technicals, fwiw, I can say that a fair amount of thought and effort can and has gone into it.
In fact, thanks to learning a lot from some very smart and talented people over the past few years, including oldfx1, I am now of the opinion that technicals are quite helpful (from a probabalistic perspective, not an absolutist one, no technical analyst would claim otherwise), in determining entry and exit points. It is a craft.
Moreover, there is some very interesting psychology involved, in trying to understand various patterns that tend to recur more often than not and their associated indicators. Whether one choses to attend to the technicals or not, there are many who do, and consequently, there is a high degree of market-fulfilling anticipation involved.
You are quite right, in that junior mining companies are subject to 'black swans', such as misleading metallurgy, cave-ins, unexpected drill results, etc. etc. etc. Any one of which can deep six and confound anticipated probability outcomes of the most talented technicians, and flummox those relying solely on fundamentals as well, btw.
On the other hand, the world, understandable as it is mathematically, includes human behaviour, both habitual and volitional, and thereby might also manifest in principles governing moment-to-moment cummulative buying and selling outcomes.
And even if that is not the case, it most certainly is the case that larger market forces which >are< more amenable to technical analysis can also lift or sink even the most unpredictable of juniour mining companies. Last mid-March a case in point.
I'm just a rookie, though, in this area, but I've spent a lot more than 30s on it :^)
I think it has been more than worth my time, but to each his own.
That's what makes a market!