RE: Technical analysis17 Nov 2024 07:48
You seem to consider only the hard data of price, volume etc when forecasting where the SP might be going dismissing the idea that other matters have any effect. However, my point is that price and volume are themselves the result of soft, mostly unpredictable matters such as sentiment, news both published and forthcoming, political and economic, fomo, belief etc. Matters which canβt be numerised and put into charts, only the resulting volume and price can.