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Re: RealDutch post# 144257

Monday, 08/27/2018 3:38:52 AM

Monday, August 27, 2018 3:38:52 AM

Post# of 163718

the downtrend will stay intact as long as Solomon keeps dumping stock.



The price of the stock will only react based on news or reports and it has nothing to do with Technical Indicators like "downtrends". Technical Indicators will only tell you how people reacted to those news or reports, but it will NEVER tell you where it is going next.


Now we have a situation where we are building a base, a floor. It will show up as a double bottom or something else that can be interpreted by TA.




If the "double bottom" has completed and the stock price has lifted a little and went back to where it was, would you call it "forming a triple bottom?" There is an even and indicator called "Double Bottom with Fake Breakouts." You can go on and on about this BS. People would keep attaching meaning to it no matter what.


You can even predict a rally once we break the long term donwtrend



Again, you can only predict what's going to happen next based on news or reports and it has nothing to do with Technical Indicators. Even if you don't look at the charts, the price will react accordingly based on news or reports.


I really don't need any book to tell me whether I am a value investor or not.



That's just naive, that's like saying you don't need to read about medical book if you want to be a doctor. There's a LOT of things you didn't know about value investing that you thought you already knew.


Graham the founding father of Value Investing discourage investors to participate in Charting/Technical Analysis/Forecasting.

Graham was completely against any kind of Charting/Technical Analysis/Forecasting. He always analyzed stocks based on past performance and wrote entire chapters on stock selection.

https://www.serenitystocks.com/article/benjamin-grahams-misquoted-intrinsic-value-formula




The only thing that makes you a value investor is that you do your DD properly, the rest are just pure BS.

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