RE: There is real rubbish being posted22 Mar 2021 15:01
For the novices, the chartists derive there mumbo-jumbo based on cycle events in commodities. As Winter follows autumn, one crop follows another. The technique develops to look for patterns in weather and pest yield and try and derive what the crop will be like, then trade on the future harvest. That has been extrapolated in to just looking at share price numbers, and that is where it diverges in to nothing more than mystic meg territory. Future sp is influenced by real world events that are not variables on any graph. Weather events, political muck ups, trends, dramas, world cup results - none of them factor into the graph. Like homeopathy, chartists can spin the yarn and make it sound very convincing. Ask now, based on these gaps and graphs, what will the sp be at 16:25 on the 12th November. Will it be > 200 or <200. So, chartists, based on your graphs, gaps, candle sticks and dildos, what will it be - state it NOW!