E Wave; This is where Technical Analysis potentially ""FAILS" -
Don't you all think that ''if'' these very sophisticated and very interesting TA techniques were proven; that someone with some Cray Super computer could analyze and choose the best TA system be it EW, P & F or whatever and just clean house ? Eliminate the need for anything except program trading ???
But, when we get a Brazil; when we get a run of Major Brokerages stop online trading and margin accounts on the Internet Stocks overnight, or wake up to a Brazil, or have GLM yell fire in a crowded theatre in its earnings release, or .... on & on...
Interesting, this TA stuff, but where does TA factor the ''instant'' news , or event driven ''flash events'' - such as if OPEC announces out of the blue - new additional production cuts etc., or if Cardoza announces cuts etc. - come in ? It doesn't factor it - , it can't - thats why this TA mania imho; is no more than a potential 25% of the equation on its best day.
Fact - the ''Super Bowl'' indicator actually has beaten P & F, EW, Bollinger Bands, Stochastics and EVERY "TA" techniques known to man according to a recent article; as such - I'm rooting for the Vikings and trading accordingly !!!!!!!!!!!!!!!!!
Telebras anyone ? - now there is a stock "TA" wouldn't like .....
PS xia - good call on both Telebras & Arco !!!
PSS - ALERT to anyone with big brass ones - SHORT Xoom - Childlike CEO just appeared on CNBC - this company is a virtual ''non existant'' business niche - selling customer profile, behavior, and name marketing lists & profiles - I just don't see ANYTHING of value here - this is a crash & burn imho SHORT This one !!!!!!!!!!!!!!!!!!!!!!!! |
