Replies to post #154212 on Kraig Biocraft Laboratories Inc (KBLB)

[es1]

when there’s never been one shred of evidence that technical analysis is better than bottle spinning.

Have to disagree M4N.
There is a book called "candlestick charting explained" by Gregory Morris.
They ran every trade on every stock over a 10 year period and used the data to see the accuracy of chart patterns and "reading the tea leaves" can increase your wins by over 50% over typical fundamental analysis.

Not all chart patterns are equal but there are a few you can rely on almost 100%.

[igotthemojo]

"Just saying “It doesn’t compute... the rules are different” is not an argument."

no it isn't an argument...its a fact..

do you think the sp500 and penny stocks are equal?..do I really have to explain the difference?..

if you have a huge company that does business globally, has billions of dollars in revenue, a $200 dollar stock price, big dividends, large institutional investors, hedge funds, mutual funds etc, trades in the tens of millions daily..

and then you take a ten cent penny stock with no money, mom and pop investors, zero revenue, trades 300k shares a day...

if you want to make a comparison of something, you don't grab an apple and a tulip...it don't compute...

its like an expert hitting a target with a handgun and then a untrained person missing the target and saying the problem is the gun...

there are many ways and methods of utilizing tech analysis...volume is just one...and it isn't going to be accurate 100% of the time...nothing is...

that's why you utilize various other tools that you are comfortable with...with these tools you are trying to gauge the sentiment of the market..thats it...no voodoo..nothing to be frightened of..

which is why ive always said tech analysis is more of an art than a science...