Msg. 12836 of 54959 (This msg. is a reply to
12832 by
DigSpace)
Jump:
hi dig,
is there any stock for which technical analysis works, except as a process of self-fulfillment.
even those who propose that it is a kind of science require enough traders that one actor is unable to affect the marketplace as a whole.
with wavx that isn't the case at all. indeed, one investor almost single-handedly was able to prevent a change of directors last year. simple influence behind the scenes. but a better moment for change could not have been chosen.
the notion of technical analysis on wavx given its volume and following is, imo silly. it is like watching a drunk roll around in a ditch, at any given minute the individual's head may actually be pointing up, but it would be a reach to call that some sort of recovery or golden cross.
the noted SeekingAlpha bit is good fun, nothing beats an external carrot.
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