RE: Advice for a newbie3 May 2020 11:28
The senior commentators on CNCB last week were saying that technical analysis means nothing in today's climate, as the stock market is being affected by 'vaccine hopes' going forward.
Hence, they advised, when late last month there was news of a potentially successful trial the stock markets surged upwards. And then last week when the recovery was predicted to happen much much slower than the markets had intended, they fell in value.
Are they right? so in effect are moving averages and other indicators obsolete until this crisis starts to go away?