TSXV:SLX.P - Post by User
Comment by
Bogapeton May 04, 2011 1:45pm
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RE: RE: RE: Jeff Nielson:The New "Operation" in Th
RE: RE: RE: Jeff Nielson:The New "Operation" in ThMineshack....
That is almost laughable since probably 95 % + of gold/silver/forex...etc..etc.. traders use TA.
As I’ve pointed out many times in the past, “technical analysis” is 100% meaningless in manipulated markets. All technical analysis is based on a very long list of assumptions, starting with “free and open markets”. If any one of the assumptions is violated, the technical analysis has zero validity.
So Silver is " only " manipulated on the way DOWN vs on the way UP. That means TA was working on the way up to $50? But can't help anyone now since NOW Silver is being mainpulated on the way down? Right? OMG!
Remember TA becomes " self fullfilling " to a certain extent when everyone is looking at the same SUPPORT/RESISTANCE levels. Moving averages...etc...etc...
SLX.....WINNING!!!
https://finance.yahoo.com/q/bc?s=SLX.TO&t=5d&l=on&z=l&q=l&c=slv%2Cgpl%2Cagq%2Cslw