InvestorsHub Logo
Followers 0
Posts 675
Boards Moderated 0
Alias Born 04/09/2010

Re: Blueprint2011 post# 15124

Saturday, 05/01/2010 2:26:38 PM

Saturday, May 01, 2010 2:26:38 PM

Post# of 64334
I am afraid I am not getting how are these charts and pennets formations have any scientific basis. Stock price is determined by market value and supply and demand which is a very human decision. furthermore Market Maker influence controls the stock price greatly. How can a paper chart dictate very human decisions? I could see if this was an established blue chip stock how a trend might be seen under certain circumstances and market conditions but, I am thinking on pennnies these charts can not second guress human actions accurately. If I am wrong on this soeeone str8N me out.