RE:RE:RE:RE:Technicals...metalhead666 wrote: Here's why you are wrong....you cannot predict "sentiment" from squiggly lines. ALL t/a is entirely backwards looking telling you only what was not what will be. It has NO predictive value at all. If it did there would be no need for any real world information as magic numbers would beget new magic numbers, my smart phone would trade my account to glory and everyone on Earth would be rich by following whatever the flavor of da t/a is. There are no "systems" unless you're gaming the system as the HFT people/scum have been known to do.
Hey meathead, if you actually read the post instead of being so blatantly pigheaded on the subject, you might have noticed that the comment didn't aver that technicals were "right" or "wrong" in taking a trading position. Rather, the statement avowed that some trading in the market certainly occurs due to technical trading. To think that not to be the case is nothing more than wearing blinders. One need not believe in a trading habit to understand its existence. Stop being such a blow hard.