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RErobot

11/13/14 3:09 PM

#11336 RE: wshaw14 #11335

I think he was saying it's a waste of time to wait for that price with the new info.

It's technical hocus pocus that tries to extrapolate price and volume information into future patterns.

Sometimes it works, sometimes it doesn't. Lots of people like it and make money with it. The algos that "fit" the past don't necessarily work going forward though.

I'm convinced a lot of times that it works it creates it's own reality. If everyone is following the technical signals with their trades SP will follow along accordingly right? Worth being aware of at least.