Technical Analysis — Voodoo or Pure Truth from God?
WW,
Respectfully, technical analysis is most useful when trading is heavily manipulated like CVM.
Do the math. If trading is nothing more than a random walk the what are the chances of having six higher highs, higher lows and higher opening and higher closes in a row? How often should it happen? How often does it happen? What’s the chances that the difference is just chance?
SAB is a big loss here, at the very time he would be most valuable.
Cheers from a lonely Oregon,
Jim