Friday, April 26, 2024 5:36:55 PM
You seem to cherry pick my statements. I was very complimentary of your wisdom, skills and experience charting, but you seem to disregard that.
However, I am entitled to my own opinion on the success of charting. As you keep saying it doesn't predict but gives probabilities. In my opinion, charting doesnt work well when applied to penny stocks, thinly traded stocks, or explosive stocks like NVDA, like you said, a hot sector right now.
Those are my opinions and no need for everyone to march in lockstep here as there are many different perspectives. Since it is my $$ I am investing, I trade and invest based off of my own opinions, research and beilefs (which may include charting when I believe it is applicable), and have done quite well.
I do think charting is helpful and appreciate your contributions here. Your explanations are thorough and based on facts, which I also appreciate.
I wasn't poking fun at you since the stock headed in a different direction, than the probabilities you laid out last week. As you stated, it could still come back down. There is a lot of volatility and many factors at play that could easily affect the direction this goes.
I do however question this statement in your post: As such, the bulls have now put themselves in a situation where they are "committed" to making a new all-time high above $974.
Having said all of that, I don't have a doubt that they will fail to do so, given that the industry and the company itself are the hottest thing around."
Your statement seems to be in conflict with what you stated.
Don't get ruffled by what folks say here. You are/were a professional in the field and most of us here are amateurs, with varying skill levels and different abilities.
Good luck to you.
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