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Re: mc6102 post# 82146

Saturday, 08/04/2012 9:24:21 AM

Saturday, August 04, 2012 9:24:21 AM

Post# of 232508
I agree. Nothing wrong with TA but TA does not show the underlying story.

It's really very simple. All stocks, big boards and all others, are inherently bearish. This means that without a catalyst to cause investors to buy at higher prices, all stocks will naturally return to face value, or par value.

TA shows the result of these catalyst actions after the fact, they can not predict the catalyst.