can I get your analysis?

The price bars in the background are distracting, keep piling on moving averages and indicators until you can't see them, then I can start my analysis.
 
Quote from Ninjatrader1:

reading all this analysis make me feel so cool, how can you do that so good?
More...

because I have a Ph.D in every major from every university in the world. Unfortunately I did not trust the charts and didn't take the trade, had I only removed the andrews pitchfork I may have bought it

damn!
 
Quote from never lose ever:

I know this is late. However I wanted to add my 2 cents... I believe BKC is going to be bearish in the long. Just BE AWARE!
More...

Why? The OP asks for your analysis, not an unsupported conclusionary statement.
 
Quote from wrbtrader:

Hey Retief,

gtizzle101 doesn't believe in technical analysis. Thus, I wouldn't bother with replying to his questions about the price action on a chart...a chart that's TA regardless if it only has price all by itself or layered with indicators.

He may be another TraderZones, crgarcia or Daal that believes chart analysis isn't TA if it doesn't have any indicators. These cats think chart analysis without indicators is useful to them for illustration purposes only (closet TA users afraid to come out). :p
More...

if you use a chart to show where price was relative to where it use to be that's all it is. It's showing history. For example "I bought stock XXXX here, and now it's here, see that? I am up XX%" Now if you looked at that same chart and now say, "Well given that it did this in the last 3 days, and when it breaks this area i will be getting short or long"

now the difference between them is one is using a chart to show history, the other is using it to make a investing decision. So no you are incorrect in your thinking saying that "illustration purposes only" are closet TA users.
 
Quote from gtizzle101:

hey I uploaded a screenshot of a chart, can anyone give some input?
More...
================
GT;
Yes; study all the data, 1 year, while helpful, not nearly as important as 10 years. One year Uptrend, but not a good one .......
 
Quote from gtizzle101:

if you use a chart to show where price was relative to where it use to be that's all it is. It's showing history. For example "I bought stock XXXX here, and now it's here, see that? I am up XX%" Now if you looked at that same chart and now say, "Well given that it did this in the last 3 days, and when it breaks this area i will be getting short or long"

now the difference between them is one is using a chart to show history, the other is using it to make a investing decision. So no you are incorrect in your thinking saying that "illustration purposes only" are closet TA users.
More...

Actually, I do agree with your explanation you gave if the trader is saying "I bought stock XXXX here, and now it's here, see that? I am up XX%"...that's using charts for illustration purposes only.

In contrast, closet TA users will say for example "I bought the bottom and it should move higher" or "it looks range bound". Another example, "the chart shows the economy is still weak" and then later say they don't use TA because their commentary is illustration purposes only.

Simply, any time someone slaps a technical description upon their views of the price action on a chart as an analysis to explain the price action or to explain something the price action reflects...that's technical analysis.

Further, if they deny such via trying to label it as illustration purpose only...that person is a closet TA user that's afraid to come out. :cool:

Hope the above clarifies what I've seen many TA bashers do here at Elitetrader.com

Mark
 
You must log in or register to reply here.
Back
Top