Another Stock Fraud That Never Quits. There's no academic proof that stock trading based on T/A or charts beats coin flips or buy/hold. We do know that Buffett, history's greatest investor by far, has made fun of charting.
"Warren Buffett: “I realized technical analysis didn’t work
when I turned the charts upside down and didn’t get a different
answer.”
Wall Streeters rarely publicly question chart trading which juices brokerage commissions, encourages book sales and, for our local penny addicts, provides a reason to ride along with transparent scams. Regardless of the company's financial (or legal) problems, the stock chart always looks Fantastic! Want to sound wise online? Mention a gap that needs to be filled. Everyone will agree with you, ignoring that virtually all stocks have unfilled gaps. My 3M has gaps from Herbert Hoover's time!
Require charting help? Chart course purveyors have what you need for a price. Most of them offer no track record. If your last book or course didn't make you rich, then you need a more expensive one! Bedazzle newbies with your command of Bollinger Bands and Double Dojis.
Now consider those who bought quality and held thruout 2017:
2017 recap. Dow up 25.1%
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Because the Good Life is Just a Pump or Two Away
