technical analysis quote from Top Trader book

[wxytrader]

Just curious. Which side of Canada you live in? Isn't it pass your bed time?

It's mating season for polar bears up here..hard to sleep with all the racket.

 

[wxytrader]

It doesn't matter how much they go up or down. I already gave you the projection. The point is price is locked into a pattern and no amount of earnings reports are going to break that pattern... they will only facilitate it. I'm not the first trader to completely ignore fundamentals. I mean most successful traders do exactly that.

This is great. It's so good I had to highlight it.

Look at how many earnings we have been through during this C&H...most of which were beats but no affect on the overall pattern.

 

[wxytrader]

Nailed it! See I came to the correct prediction by merely looking at what the chart was offering. I accomplished more than all the professional analysts with about a minute of my time. I not only called the miss AND gave the reason for it, I also gave a price target a month out instead of just guessing at a percentage for the day of.

So to summarize my decision making process:

• The chart was showing me it had another leg down to (5)
• An earnings miss would fascillitate it going lower (but not required)
• It would make sense they miss on revenue because of the high cost of materials. (interest rates)

I might be leaning towards a home depot miss as I had more time to analyze. I would assume that renos have declined with the increase in the price of materials so it would make sense. Also, it could still be a valid C&H if it dropped to 5 as it completed the handle.




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[Sprout]

Look at how many earnings we have been through during this C&H...most of which were beats but no affect on the overall pattern.


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What's the TV Indicator showing earnings label on your chart called?
Have you come across any that labels guidance in a similar format?

 

[p0box4]

Nailed it! See I came to the correct prediction by merely looking at what the chart was offering. I accomplished more than all the professional analysts with about a minute of my time. I not only called the miss AND gave the reason for it, I also gave a price target a month out instead of just guessing at a percentage for the day of.

So to summarize my decision making process:

• The chart was showing me it had another leg down to (5)
• An earnings miss would fascillitate it going lower (but not required)
• It would make sense they miss on revenue because of the high cost of materials. (interest rates)

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Lol, you really are the joke of ET these day's .

You called nothing at all, you said it might miss, it might beat, that's not nailing it. Clown.

 

[p0box4]

Nailed it! See I came to the correct prediction by merely looking at what the chart was offering. I accomplished more than all the professional analysts with about a minute of my time. I not only called the miss AND gave the reason for it, I also gave a price target a month out instead of just guessing at a percentage for the day of.

So to summarize my decision making process:

• The chart was showing me it had another leg down to (5)
• An earnings miss would fascillitate it going lower (but not required)
• It would make sense they miss on revenue because of the high cost of materials. (interest rates)

View attachment 340344





View attachment 340341

@schizo nailed it, by how you would act after the fact.

Pathetically predictable.

 

[wxytrader]

Lol, you really are the joke of ET these day's .

You called nothing at all, you said it might miss, it might beat, that's not nailing it. Clown.

Proof is all here to see lol...called the miss...called the reason...called the price target.

 

[p0box4]

Proof is all here to see lol...called the miss...called the reason...called the price target.

You predicted both a miss and a beat ...
If it would have been a beat you would just have quoted your other post. You really expect an applause for such a pathetic attempt?

 

[p0box4]

It's an election year...nothing but sunshine.

Wrong on this one as well.

 

[wxytrader]

Wrong on this one as well.

Grasping at straws are we? That wasn't a prediction it was a joke..but how is it wrong? Look at the s&p. Statistically they say that during an election year the economy will get propped up.

Actually the election year is happening to coincide with the chart needing to extend but let's not split hairs.