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LE....The problem with T/A is that it only gives you a blueprint of the past. If we could predict future movements of any stock, we're not having this discussion now. We'd be filthy rich. And with pennies, I'll agree, it is less reliable. But why discount it entirely? When Glow popped, T/A gave evidence that the run was over the day before it tanked again. T/A is devoid of emotion, personalities, agendas, motives, and opinions. That's the great thing about it. It does not lie. People lie, however. Sure, everyone could dump today and the run is over, and T/A will tell us that tonight. No matter what the rationale is behind the players accumulating positions, be it wild speculation or as Dan put it "smart money", it is happening. If you don't believe that, then, so be it. |
