Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Michael Watkins who wrote (297236)	11/10/2004 4:11:31 AM
From: zonder	Read Replies (1) \| Respond to of 436258

You can detect points where pain effects more people Great. So let's do a little test of your faith and see if it can be considered a science. For the next couple of days, why don't you tell us why you think the market should go up or down, and from which point it should bounce from. Your "supports and resistances". Let's then see if there is a logical basis to your claims re your ability to tell what the market will do. the mere fact that many consult charts helps to ensure this, ironically, since so many put stops at foolish places based on a chart pattern or trendline So it is a self-fulfilling prophesy. There is nothing wrong with reading daily horoscopes to estimate what the idiots around you who actually believe in them will act like during that day. There is something wrong with actually believing in it yourself, albeit in part because so many others believe in it. My analysis is based very simply off of price and volume, focussing on support and resistance and detection of consolidation patterns and emerging trends. Well, that sounds just like technical analysis to me. Which part of technical analysis exactly do you think is "pure quackery" and where exactly does your stuff diverge from all that?