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Alias Born 09/21/2011

Re: Devolution post# 10699

Sunday, 11/20/2011 4:23:21 PM

Sunday, November 20, 2011 4:23:21 PM

Post# of 105598
Uhhhh..... "Lieutenant" ? "... what is happening INSIDE Baltia" is exactly what is producing the chart pattern being patiently explained for you by the analyst.

TA ( Technical Analysis ) is predicated on the theory that price action - reflected on a chart - is the summation of what investors know, or think they know, about what is going on INSIDE a company at any given moment and are, thus, buying or selling in response to that knowledge, or presumption of possessing said same.

Sometimes they're wrong; most of the time they're right. That's why TA has about 75-80% success rate, when it's used properly, as any tool must be.

The fatal flaw of Fundamental Analysis is that it tries to apply static analysis to a dynamic model. Won't work, except at those lucky moments when the FA and the TA are in sync; essentially, the stock market equivalent of "Stopped Clock Syndrome". (i.e. "right twice a day" )

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