Replies to post #79244 on Amarin Corp Plc (AMRN)

[jeerio]

FFS: i'm not sure when you started posting about AMRN, but if you have any history from late Dec to mid-Feb, i'd love to see it.

i never once stated that the only reason behind AMRN's rise since mid-Feb was due to the IBB. however, that correlation is quite clear. sectors do that quite often. your chart, designed to refute me, shows it very clearly.

otherwise, i'm happy you're keeping your eye on the divergence, which you began to post about once i brought it up. yet, divergence is not a matter of a few days or weeks, it takes more time. i understand you want to say things that are meaningful on a daily basis, but quite often, there's no solid reason to do so, either for TA or FA. waiting is the hardest part, as the song goes.

[FlyFishingStocks]

Jeeri0, it's all about the right edge of the chart. That's where you make or lose money. The chart I posted shows two distinctly different patterns - one bearish and the other bullish. TA deciphers the "why" behind the difference. If traders figure that out, they can become wealthy fast based on probable expected outcomes. Trouble is, too many are stuck in the "can't possibly happen" dogma, spiked by "FA is all that really matters."