TA is just one investment tool which can help you to identify trends and trend changes. It can't predict unforeseeable events (nothing can :, but it can help you to see and understand what the market is seeing at a certain point in time. In parts it provides as well self full filling prophecies given that other investors are using this tool as well and coming to the same conclusions.
Any tool able to predict the future with a likelihood better than random is useful, even if this said tool is part of the causes for the future development.
I don't see how a low interest rate environment would change the usefulness of TA ... it is just one of the factors the market will consider when pricing a share.
Up to you whether you choose to use this tool or whether you prefer to fly blind ... but no reason to rubbish it.
TA still relevant in low interest rate environment ....even if yield seeking seems to dominant
TA will give early signals when share prices have got too stretched (and seeking yield for the sake of yield has become a folly) and thw wise ones start abandoning the market.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
well you spoke loudly and confidently about a subject that you are clearly ignorant about so yeh its a forum I say what I think without regard to charming you.
and yeh I do get ratty because there are so many people who bag TA when they dont know excrement and have probably spent 5 minutes reading about it on Wikipedia
even the venerable Beagle is prone to this and I bite at him too.
I'm very happy for people to ask questions about anything and I will respond nicely but if you just bag my 40 years of experience in this area in your 56th post I will call you out.
well you spoke loudly and confidently about a subject that you are clearly ignorant about so yeh its a forum I say what I think without regard to charming you.
and yeh I do get ratty because there are so many people who bag TA when they dont know excrement and have probably spent 5 minutes reading about it on Wikipedia
even the venerable Beagle is prone to this and I bite at him too.
I'm very happy for people to ask questions about anything and I will respond nicely but if you just bag my 40 years of experience in this area in your 56th post I will call you out.
I've been investing as a full time profession for 15 years - in my experience Fundamental Analysis is the only guarantee of success, and I have seen people relying on TA been made fools of over and over again.
3 bucks is also a psychological threshold that investors may feel is too high esp after a big advance. That might have something to do with the pullback as opposed to innate consciousness of a previous resistance level. I dont know you take your own TA advice Peat if you're a TRA share holder??
3 bucks is also a psychological threshold that investors may feel is too high esp after a big advance. That might have something to do with the pullback as opposed to innate consciousness of a previous resistance level. I dont know you take your own TA advice Peat if you're a TRA share holder??
But it’s been way over 3 bucks before ...been there done that ....if anything 4 bucks would be a psychological threshold
And Baker et al said a few years ago they worth lots more than 3 bucks and company done well since.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
3 bucks is also a psychological threshold that investors may feel is too high esp after a big advance. That might have something to do with the pullback as opposed to innate consciousness of a previous resistance level. I dont know you take your own TA advice Peat if you're a TRA share holder??
the psych threshold is not opposed to the innate consc. resistance level. mate
it is it.
people will remember they should 've sold when it was that price but they doggedly hung on and now they can escape pain free. I reckon its a powerful force in markets.
Originally Posted by peat
Reply With Quote
:, but it can help you to see and understand what the market is seeing at a certain point in time. In parts it provides as well self full filling prophecies given that other investors are using this tool as well and coming to the same conclusions. 
Bookmarks