OTCQB:PSHIF - Post by User
Post by
metzgfon Jul 16, 2004 1:19pm
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Post# 7716597
TA
TATA is a self fulfilling prophesy. If you assume that say 25% of the traders either use TA directly or some analyst who uses TA, when the charts are up, this 25% will buy and the price goes up. When the charts are down, this 25% will sell and the price goes down. Seems to work but if a positive PR comes out when the charts are down, people start to buy and the price goes up. Also, if the charts are up and a negative PR comes out, people start to sell and the price goes down. It might have more validity when several million shares are being traded but I still believe that News is the driving factor, not some mechanical situation which happens to exist at any one time.