RE:Stockcoachfdfd12: So what happened to 13 day MA. According to your theory CXR should trace back to $48 after a move that is overbought like today at almost $55. At least that was what I understood. Is it still expecting to go below $50 anymore? Or is $52 more like the new bottom? thanks,
fdfd12 wrote:
You say because of outside factors, TA didn't work today, that it is unreliable.
Well with outside factors today, Fundamental didn't work either.
Stock is down around .40 either way.
A few days out of the year you get outside factors. That doesn't mean that
TA should be discounted every day of the week.
Probably, tomorrow, what should have happened today, will happen.
Fundamental shows us $100, BUT so does TA.
We both see the same thing.