Replies to post #77 on Technical Analysis 101 (TA101)

[4Godnwv]

Not really - well, my current pardigm is that T/A is a graphic representation of market sentiment.

So.... T/A just graphs how people reacted to the news -

In that case they got fired up and then fizzled - the chart tells you that - gotta read the signs -

Also gotta learn to admit you misinterpreted the signs and get outta Dodge lol

[4Godnwv]

I'm gonna post some more stuff on 'sentiment' soon - been working on it - just been kinda busy lately -

[4Godnwv]

Remember - NO indicator works ALL the time - and NO indicator works for every stock -

I have an article I'm writing on 'backtesting' - I believe it's gonna save a lot of folk a lot of time and trouble with their T/A