RE: Why Are We Invested ...25 Apr 2022 17:06
Nordell, this is where you let yourself down a little imo. Charts are NOT “the ONLY indication of what’s happening at the moment”. Why would you say that when we can clearly see trading patters, on a minute by minute basis that “suggest” there is a large order being filled or someone is building a stake.
Over the past week, it’s crystal clear that Buys have outweighed Sells by roughly 3 to 1 and yet the price have dropped 20%. I get that you can’t put that into your chart, but it doesn’t mean it isn’t the case. It’s obvious and it’s real, it’s not a theory or a conspiracy, it’s actually happened.
I haven’t **** your charts, all I’m saying, is that by their very nature they are historical, as opposed to what we are actually seeing happening now. It’s all we have to go on in between news.
I (and I assume others) take the fact that someone appears to be building a large position, as positive and reassuring. If you don’t, that’s fine, but I think your being a little disingenuous, in suggesting we should just ignore it and not discuss it.
I don’t, and never have told or asked you not to post your charts. I don’t trust them as an “investment” tool (they are for trading imo) but you are well within your rights to post your thoughts on them, so please don’t try and tell me (or others for that matter) what is or isn’t relevant, especially if your are blinkered enough to think Charts are the ONLY indicators.