InvestorsHub Logo
Followers 74
Posts 3571
Boards Moderated 0
Alias Born 03/23/2013

Re: ramfan60 post# 424041

Wednesday, 05/08/2024 9:20:48 AM

Wednesday, May 08, 2024 9:20:48 AM

Post# of 424563
Really? LOL. Then you failed to read my post.

FFS, you are starting to lose some credibility if you fail to admit that what you have highlighted did not predict what was to come, these strong moves occurred after the news, then a new pattern developed as a result of the new trading norms.



What part of this did you miss?

Prior to R-IT we see prices trace a higher low and rise above an up trending 50day moving average days before the announcement (a strong indication of a bullish outcome).



or this?

The Pre-Du event was very clear. Prices had broken through the post R-IT trading channel, then failed a retest of that breakdown. The fact prices couldn't recapture the channel and were trading well below the down trending 50-day moving average was and indication bears knew what was to unfold.



Those are major prognosticative technical features that accurately predicted outcomes.

As for credibility... haha. I'm debating people who have bought and held till hell freezes over - even though they know they have been wrong to assume. Their overweight position has talked them into their hopeful outcome. When they found out they were wrong, wrong, wrong and ... wrong again, what did they do? They doubled down, and justified it by convincing themselves that "I believe in the science". That behavior doesn't stand a chance when debating fundamentals vs technicals.

I hardly think such a track record is worthy of accusing me of losing credibility ;)
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent AMRN News