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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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ajtj99
To: Jacob Snyder who wrote (45216)12/17/2021 1:24:59 PM
From: Sun Tzu1 Recommendation  Read Replies (2) of 96681
 
Let's revisit INCY and the point that I was making, b/c now you can see that point clearly. Here's the current chart of INCY schrts.co It tells you that on December 10, it was the perfect time to buy INCY. The 20DMA just crossed above the 50 and the MACD just kissed and pointed up. INCY is up ~15% since.

But if you recall what I was telling you and showing you at the time, none of this was true then. The MA had not crossed over and the MACD was pointing downwards making it look like it is more likely to fall than to rise.

So to recap my point, when dealing with lagging indicators, the picture changes after the fact to make it seem so very obvious what the right thing to do was. Which is to say you cannot drive forward by looking through the rearview mirror.

PS I am still holding on to my INCY position and I've added LH in the same space.
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