i had a request to post this on the other board -t
Post# of 1012
here pms are free all the time to everybody and imo not censored
and again i apologize to tothe bc i/m not a chart guy and could never figure how charts could measure the major factors which drive the market-fraud, emotion, overreaction or predict news etc,especially in penny or development stocks
they are interesting though and i applaud tothe's chart expertise
so the technical charts are basically neutral-how much influence do you think technical traders have on a stock like zn? not sarcastic - just plain curious
i do look at charts as part of an overall dd
td is schizo right now -the watchlist says last zn trade was 1.31 whereas their chart says last was 1.13-opened td twice to verify-this has happened at least a few times
i have to apologize profusely on several counts bc:
i'm not a chart guy- i'm a fundamental values (extrapolation from financials and dd plus npv for developing companies like zn)-
there are so many games in a market absolutely saturated w fraud where the market employs a reverse robin hood scheme to take from retail longs and redistribute to everybody else that i never thought charts could predict those games or future news/developments-am i wrong? -or do the charts just ignore those issues on the questionable assumption that those things just balance out
one of the things i look at is a rsi- often a 14 day rsi - thats the default chart rsi for brokers charts, isnt it?
well, i feel so bad now that i would feel better if u beat me w a lead pipe saturated w your favorite biological- i've experienced far worse things
my best subject was logic and professors would fall out of their chairs saying you've understood in a minute what takes a semester to teach- but i've yet to find the logic in the market after all these years- which seems to be ruled 90% by fraud and primitive emotion and overreaction-and i/m not very well versed in those things though i understand after watching it how the fraud works
how can charts take that into account?
e.g.,1 qtr walmart plummeted despite beating the estimates on all counts-so illogical that even brain dead analyticals wrote articles on the illogic
apple more than doubled gleefully on the news of jobs death-the creative talent behind apple- wasnt jobs one of their own? did the market hate jobs that much? and yet even more brain dead brokers told me to buy apple at 700,saying it was going to 1000-i told them apple was due for a big crash-were they using charts?
you mentioned a possible timing for buying zn as a contrarian before, which is a role i sometimes play, based on the observation that 90% of the ppl are wrong 90% of the time and cannot even evaluate news!!! as has happened with zn!!!, which was at an 11 yr low despite being closer to a commercial field than ever!!, which is an uncomfortable pool to play in,even if u can swim for hours
w all the swing traders,flippers,profit takers and other mutants proliferating since 2009,what % of the time does a stock substantially rise above a 52 week high? unless they fond a cure for baldness or cancer
are warren and i the only value/ fundamental traders left? as we are mocked for being-another illogical situation.