Drinks Americas Holdings, Ltd. (DKAM)

[Rawnoc]

Subjective TA is something that even I use.

It's Raw TA that is bullshit.

Subjective TA is looking at a chart, factoring in the economic environment, the fundamentals of the company, analysis of the latest news, the poligical picture and other news stories on everybody's minds, the sector/industry the stock is in, and even what day of the week it is and making an educated guess THEN on where the stock is headed.

Real TA (not subjective) thinks that the exact same chart pattern you find in Cisco in 2007 means the same as Yahoo in 1999, a chart going into a Friday means the same as a Monday, a crashing chart on a highly profitable stock with no news means the same as the same crashing chart on a stock that just filed Chapter 11, etc. etc. To the subjective chart reader, the exact same chart could mean completely opposite things for two different stocks - or even the same stock at two different times. To the pure technical analyst, there's only one conclusion to make for every and all stocks at any point in time in any market environment in any industry. Absurd. And a great way to go broke.