RE: Can anyone buy...16 Dec 2020 19:11
RayPointer
Appreciate your response. That is part of what makes a market, some swear by TA others don't.
If on the day the Chart traders have sufficient clout then the share price will move their way. If on another day the "gut traders" have more clout they win and so on and so on. IF on another day there is a large buyer or seller then nothing can be done about that. So i don't agree it is twaddle because on some days it will have an effect on the share price, but I rather see it as a tool that can be useful at times and is part of the market's makeup. However, you cannot pick and choose. You either look at the charts daily and use it to temper the more extreme intuitions you may get , or you trade by it and hope that you get it right more than 50%. so that's how I see it.
Again Ray, thanks for your comments. :-)