I was a little disappointed with the fade-away today. I don’t follow technicals too much, but reading reports of technical resistance at $217 and some pretty significant open interest with the $190 puts. That, coupled with tomorrow’s event is likely dragging on the stock just a bit.
TA doesn't work. There's no proof. Never has been. Fundamentals and events are what matters. Even Lovey admitted TA has no predictive value - what else do you need to know?
Serious question: Do you CARE about yesterday's weather?
Hey Mercel - I share that opinion, and feel your strong stance validates my opinion (since I believe you traded on technicals some years back). But don’t you feel there’s a self fulfilling prophecy aspect to technicals?
Using your weather analogies - if enough traders believe it’s gonna rain all week, won’t that cause them to buy umbrellas (& drive those shares)?
I’m particularly interested in your POV and the nuance behind your thoughts since (I think) you’ve been on both sides of the fence.
Post by therealmercel on Sept 9, 2019 21:36:56 GMT -5
Possibly there are enough traders who draw similar graphs on the intraday, but that's the only timeframe I see that MIGHT become self-fulfilling. Frankly, if TA was predictive and worked consistently, there would be all kinds of evidence to support the claim. There isn't! You can stop right there.
I remember an AFB member named Unique, who used TA during the intraday - it worked until it didn't and he crashed and burned. In Vegas, card counting in blackjack works, as long as you don't get caught. There's no equivalent in the stock market, except predicting how a stock reacts to news about the economy, POTUS tweets, earnings, and the usual geopolitical events, both domestic and international (and knowing BEFORE it actually happens).
mercel: It's been a long strange trip - good to see you're still around (and in AAPL -my assumption).
May 10, 2019 12:48:32 GMT -5
Zeke: Long time no see. Nice to see familiar names still here.
Mar 25, 2019 14:42:52 GMT -5
sponge: Regarding the future of VR, I think it will be huge. I was a gamer when I was in college. But as an adult I lost interest. Last fall I flew up to visit my son at college and check out his new Vive set up. After playing with it for the weekend, I was
Apr 29, 2018 15:25:17 GMT -5
galleybob: thanks for your answer. I will copy and send to her
Nov 7, 2017 15:32:18 GMT -5
rickag: So since Jan 28th 2015 AAPL is up from 117.27 to 157.21
Aug 21, 2017 20:09:43 GMT -5
artman1033: VXAPL = 29.21 AAPL = $117.27 AFTER EARNINGS
Jan 28, 2015 14:54:46 GMT -5
artman1033: VXAPL = 44.94 AAPL = $110.39 BEFORE EARNINGS
Jan 27, 2015 11:12:53 GMT -5