InvestorsHub Logo

Carjockey2

06/06/22 5:42 PM

#31481 RE: makincash2 #31480

I didn't respond because I don't believe in them myself....

StockStud22

06/06/22 5:43 PM

#31482 RE: makincash2 #31480

History of past stocks and similar setups and the chart...but some of it just comes out of people's heads and isn't accurate. Not saying these are or aren't, that's just how they normally work

TechnicalAnalyst1984

06/06/22 8:45 PM

#31493 RE: makincash2 #31480

Maybe you were not around back in the 80s when meteorologists were not 100% accurate with their forecasts as their equipment was not as sophisticated as today. I made a prediction this morning before the bell based on trading penny stocks for 18 years and I got into Technical Analysis of Stock Trends (the book covering Charles Dow's work) before I ever got into trading stocks.

The chart formations that Charles Dow created NEVER claimed 100% accuracy and were assigned a % of success and failure! Variables can come into play just like weather!
If you do remember how weather forecasts were back in the 80s, I hope you were never tempted to sue the local news station because of frustration :-D

Some people who have never taken the time to learn charts think they do not work but I'll let you know when I sell and I think I will have a pretty good idea on where to sell based on experience and charts :-)

tomj1

06/07/22 12:08 AM

#31497 RE: makincash2 #31480

Hi Makincash, I posted that chart from Twitter because he has 5000 followers. I didn't think it would cause such a fuss, it's just one post.