Friday, April 09, 2021 9:26:47 AM
Very tough call today...see chart below.
Televet...I have seen lots of articles/arguments like this. I never use TA in a vacuum... Technical analysis drew me to SIRC but the fundamentals combined with the TA told me to buy back in December at .10. The fundamentals are keeping me in as long as SIRC stays above the all important daily 250 EMA.
As far as the question does TA really work? Ask John Henry, Richard Dennis (I took some of his orders working on the CBOT), William Eckhardt, Bruce Kovener, Paul Tudor Jones, Cliff Asness etc. etc. if TA works...
Nothing is full proof... but parts of TA work for me...
JMO...anything could happen.
"It never was my thinking that made the big money for me. It always was the sitting. Got that? My sitting tight!" - Reminiscences of a Stock Operator -
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