Quote from Clubber Lang:
TA is complete nonsense. That chart won't tell you anything about where AAPL is going tomorrow, next week, or next month. It's great to show you where it's been though. I especially like the parallel and intersecting lines.
Maybe next time throw in a Macd crossover, a Fibonacci retracement, or some random moving average? One of them is bound to come close to finding a bottom and then the TA sheep will believe they found the holy grail.
Best of luck.
Quote from Clubber Lang:
To all the TA sheeple who replied to my post-
PROVE ME WRONG.
Post your AAPL closing price for Monday, next Friday (14th), and one month from now (Jan 9th).
I bet each one of you come up with drastically different numbers which are no better than a random guess.
I will have my 12 year old nephew give me 3 guesses as to where AAPL will close on the same dates and let's see how good your TA matches up to his guess.
Waiting for the clown show to begin...