Have you any knowledge or experience in the techniques of technical/chart analysis?
Printable View
I do ....when everyone sell...I sell...when everyone buy...I buy
I have enough knowledge that when ever I see the techniques used in technical analysis, I can explain why that provides you with little information on whether you use it to inform your buying/selling decisions. Always happy to have my mind changed, my beliefs are hardly stuck in stone. A convincing enough argument needs to be presented however and I have yet to come across one that I am unable to rebut.
I am happy to say I have no personal experience with technical analysis. I have always steered clear.
Sure I could. However, the burden of proof lies on you to prove that the stock price going from $1.40 to 80c is a result of the weekly 10 and 20 ema crossing. Can you do that?
In the same way if I made the claim that there is a teapot orbiting Mars, the burden of proof lies on me.
And here I was thinking that a 10/20 crossing was a good sign ……bullish …….just like BlackPeter’s Golden Crosses
Stupid me
I stubbed my toe yesterday and OCA rose 2.5% by market close. Next time I stub my toe I'll make sure to purchase some OCA right away!
See the problem with the statement above? It's correlation vs causation. Now, the two events happened to correlate. But does that mean they are in anyway related to each other? Of course not.
Now the 10/20 ema crossing occurred, and then the stock price fell from $1.40 to 0.80c. The events happened to correlate, are they in anyway related to each other? Maybe, but that's for you to prove since it's your claim. I have no reason to believe they are related events until proven otherwise.