Many crossovers on the rainbow MA chart
If charts are an indication of investor/market sentiment one would have to say OCA still sucks
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Many crossovers on the rainbow MA chart
If charts are an indication of investor/market sentiment one would have to say OCA still sucks
BaaBaa,
You are much smarter than this, and you have the ability to form much stronger arguments.
All you need to do is consider what I have said and you will see the light. For your thesis to be correct we just need to choose the method you rate the highest and look at historic charts to see if it had any ability to have a slight probability of making a slightly better buy sell decision. How can that be wrong?
Seeing as you both can use TA so well, lets use it to get $100,000 to a charity of your choice.
Over the next 12 Months you and Gunner can use your TA wizard skills on 100 different companies to predict a probability on a buy/sell decision and if you can show any statistically significant advantage I will donate 100k to a charity of your choice, super easy to do, let's go.
Where is the evidence??
In a more than likely, futile attempt to get this thread back on track:
Jarden’s contribution to the media “debate:”
https://i.stuff.co.nz/business/opinion-analysis/300925334/are-retirement-villages-really-superprofiters
(cross posted)
Perhaps the "fool" call was harsh, apologies for that.
But, if you consider what fundamentally the 10 crossing over the 20 means, the recent price action (PA) has been higher than the longer term PA. That is bullish, FULL STOP.
Whether it means the trend will continue, it will be higher tomorrow, is another matter.
Of course, any MA number you want to make up and use can be bullish/bearish. The 3005 MA crossing over the 10,344, for example.
But my original statement stands. The 10 crossing the 20 is bullish. That it maths and cannot be disputed.
Whatever the price did a few years back when this same thing occurred has ZERO bearing on whether it is a bullish signal right now.
Always good to call a spade a spade ... but anyway, I think the problem of the resident troll is that he does not understand maths or specifically statistics and it appears he tries to compensate that with arrogance and aggression.
Anybody else understands that certain signals point (with a defined likelihood) to a certain outcome.
"The trend is your friend" is one of these examples: If you have an established trend, it is more likely that the next data point continues this trend. Does not mean though, that the trend can't change.
But unless the likelihood is 100% (which it won't be for any future looking indicator), individual events mean absolutely nothing, you need a statistical relevant sample to measure the correlation.
But trying to explain this to a troll is like throwing pearls to the sows. Better spare your pearls for more worthy recipients and put the sows on ignore. So much more relaxing.