InvestorsHub Logo
Followers 44
Posts 2115
Boards Moderated 0
Alias Born 05/01/2018

Re: peterpanwasjusthere post# 19035

Tuesday, 06/22/2021 5:16:31 PM

Tuesday, June 22, 2021 5:16:31 PM

Post# of 37836
Hello Peter...no disrespect taken.

One of the things that people don't seem to understand is that I never just look at the charts and I never just look at the fundamentals. I try to do both but I am certainly more grounded in the charts. TA is what alerted me to SIRC in the first place (SIRC had a beautiful Ascending Triangle pattern at the time) and happy to say got me in at .10 just two days before it took off. However the fundamentals is what has kept me in.

The charts on SIRC had been very accurate (see my board comments on 1/14, 1/28 and at the top on 2/5) up until the point of around 2/19 when I believe we were inundated with MM manipulation. So yes agree charting has not been as accurate lately...

If you are not already familiar with these traders you might want to get to know them a bit:

John Henry
Paul Tudor Jones
Richard Dennis
William Eckhardt
Bruce Kovner
Cliff Asness

These are a few examples of billionaire/millionaire traders that rely heavily on TA/chart reading. It's not magic...it's just finding probable areas of support and resistance...

Go $SIRC!!

"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 -