Ayala Pharmaceuticals Inc (ADXS)

[Julius_Kelp]

Thanks GL. My thoughts on TA are it's a vehicle used for predicting short term SP movement excluding fundamentals or the macro environment, between binary events, hence it being a self fulling prophecy.

When the day trading herd responds to triggers from Chande Momentum Oscillators, Diamond Top Formations, Fibonacci Time Zones, Head And Shoulders Patterns, Golden Crosses, 50 and 200 day moving averages etc (random TA terms I pulled off the web), it creates a self fulling momentum in either direction. Again, in absence of any news or binary events, our SP will be dictated in part by TA traders. I really don't understand TA nor looking to day trade. However, if TA sentiment says this is going to say $5, the reactionary trading will apply downward pressure on SP, warranted or not. I'm looking for some clues to help find the "perceived" bottom so I can dollar cost average my holdings.


"The first step is letting go of loss aversion. Sunk costs are sunk. The price you paid for your shares is irrelevant." That's actually a good point I'll need to ponder further. Thanks GL.