You think it's harsh - I disagree :) I'll call it luck IF he was "bang on" though ;) He's made so many predictions I don't know which you're referring to but ti wouldn't surprise me if one's finally come right :p Don't limit yourself to saying you can't factor in bad news after the chart. You can't factor any news! This is part of the problem. You're comparing apples with oranges in a chart. Either the share internal fundamentals have often changed or the external macro factors have changed etc. If you had followed his chart tips I expect you'd have no money left rather than more! Your choice though ;)
RTN, still think it harsh. I hear what you saying, but on the occassion of XTR he was bang on. Call it luck etc. But as I said before, you cannot factor in bad news after the chart has been done. You wiuld need to revise it based on news. As I also said, they are indicative, i.e. not definitive. Again, I dont follow charts but if I had followed and sold on the surge, I would not complain. most people, inlcuding me hold too long. PS not did I say you did not have a right to say. But just felt it was harsh, which is my view?
It's not remotely harsh, don't be niave jolly! If he makes 10 predictions he should get 5 of them right if flipping a coin alone. If his "method" is any good he should get a lot more right than he does imo.
I think I'm well within my right to say his predictions are nonsense: a) Because the basis on which they rely is fundamentally flawed b) From what I've seen his success rate is probably worse than flipping a coin (almost impressive in itself!)
Of course I want a rise here but I don't need some "technical analysis" mumbo jumbo to reassure me of that! Maybe you should follow his charts and see how well he does (I have at various points - and confirmed my view that it would be silly to pay any attention). I'm all in favour of any tool/technique that can help me make money. However I've rarely found someone who posted good enough TA to be even remotely confident of using it when I compared their predictions to what happened. Obviously if I found someone that was impressively accurate I'd be paying attention to them and using them to make money! I've yet to find such a person (certainly none of the ones posting things publically regularly).
RTN, very harsh comment. I dont follow charts (maybe to my detriment). However, Zak Mir did correctly predict quite a while back before the surge to .49 odd that this was expected and that if it did happen there may be a pull back to the 200 moving day average at the time of around 0.20 or so as gaps may need to be filled on surge and to set stop losses. I mentioned this on here but got some unwlecome comments by thea poster spacemen and i think Mav backed him up. So Zak Mir was not spouting nonsense here at that time. Some might think peeps dont want a rise here? The gaps are now well and truly filled but all depends on news for the go. Charts are only indicative and rely on assumptions, which include assuming good news. lol.
Of course there is no more reliable indicator than the Snooty Patent Puce Predictor. This is currently throbbing a splendid shade, which in ninety-one percent of cases suggest imminent upward movement.
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