Thursday, September 15, 2011 10:41:37 PM
However, you can not convince me that chart patterns are effective at predicting a stock's future if that stock can shoot in either extreme direction without any news or approaching any technical points - or even the hint of a rumor.
I'm not saying that technicals don't work on liquid assets, I think they do because they're based on herd mentalities. But with illiquid assets like this one, they don't predict what will happen, only what should happen. You can't predict the unpredictable. Well, you can, but it doesn't mean you're any more accurate than a coin toss.
I guess we'll just have to agree to disagree then. And there's nothing wrong with that. :)
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