Technical Analysis does work

[Scataphagos]

Quote from Xspurt:

"...What would be better proof is showing how TA caught the drop.

Where are the technicians?

I COULD show you, but then I'd have to kill you..

 

[LeeD]

I guess this is gonna be a short-living thread unless it becomes a journal about making money with TA.

 

[schizo]

Quote from ChkitOut:

While the world is blaming computers, fat fingers, squirrels eating
phone lines or whatever else.

The market finds support at Feb lows.

That might be so, but what you forget is that there were many other major S/R lines along the way that just got shredded into pieces. How do you explain that?

TA works insofar as it abides by the rules of demand and supply. But Thursday's plunge was no TA. It was a downright insanity!

 

[Xspurt]

If ya missed the top was today's close your 2nd chance?

 

[spd]

Quote from schizo:

TA works insofar as it abides by the rules of demand and supply.

If you dont view trading through this lens, you are doing it wrong.

Put whatever names you wish on candlesticks and chart patterns, its what that action can tell you about the unfolding supply/demand dynamic that can keep you on the right side of the market.

 

[Xspurt]

Quote from Xspurt:

If ya missed the top was today's close your 2nd chance?

This has to be one of the most weird threads.

I take it there are very few TA's on ET that can see an absolute screamer major reversal short which makes the thread title hilarious.

 

[athlonmank8]

Quote from Xspurt:

This has to be one of the most weird threads.

I take it there are very few TA's on ET that can see an absolute screamer major reversal short which makes the thread title hilarious.

I got on it. 80% of ET probably hasn't been through this whole tread . Regardless only a handful know what you're talking about based on that close. Anyone who got in days earlier probably are licking some other form of wounds right now after covering some of their profits at whatever other crazy level they felt like gambling on .