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That is a chart crime of epic proportions, especially since it doesn't even contain the eight month period I referenced. Kinda hard to make a buy or sell decision using a 20 year chart but, heh, you do you. Best of luck. I like the stock.
I don't make buy/sell decisions BASED ON A CHART, which was my whole point. Your technical analysis does. If I was making huge financial decisions with my own money based on the way a chart looks I'd probably end up broke. But like you said, you do you.
I don't make buy/sell decisions BASED ON A CHART, which was my whole point. Your technical analysis does. If I was making huge financial decisions with my own money based on the way a chart looks I'd probably end up broke. But like you said, you do you.
Reps, lol. I've got 5 on this thread alone.
I think those of us using charts invest as well as trade. If you don’t trade they don’t matter that much. However say when I am looking online at buying a house, I look at past buy and sell prices as well. Tax history whatever. It’s sort of the same thing. When I play poker I tend to pay attention to the cards I have and the ones on the board. I am odd that way. I must be superstitious.
I don't make buy/sell decisions BASED ON A CHART, which was my whole point. Your technical analysis does. If I was making huge financial decisions with my own money based on the way a chart looks I'd probably end up broke. But like you said, you do you.
Reps, lol. I've got 5 on this thread alone.
As I said before, the state of Florida has given me problems in the past but I do find myself repping your postings, lol
As I said before, the state of Florida has given me problems in the past but I do find myself repping your postings, lol
Not that it matters but just because I am bored I see you list trades. So you don’t look at their charts at all? You just see the price and buy? You don’t even take a quick look at where the stock has been? When you bought AMZN you didn’t look at the chart ever to see what it did?
Anyway back on topic AMZn seems to be holding it’s own on a sort of down day. Yes, I also look at price action. LOL
Not that it matters but just because I am bored I see you list trades. So you don’t look at their charts at all? You just see the price and buy? You don’t even take a quick look at where the stock has been? When you bought AMZN you didn’t look at the chart ever to see what it did?
Anyway back on topic AMZn seems to be holding it’s own on a sort of down day. Yes, I also look at price action. LOL
Not really. I do look at the 52 week high and recent activity. I bought Amazon at $3104, clearly it was off it's high and on a down trend, AKA "on sale". But no, I am not someone who reads charts.
Not really. I do look at the 52 week high and recent activity. I bought Amazon at $3104, clearly it was off it's high and on a down trend, AKA "on sale". But no, I am not someone who reads charts.
Not sure I read charts. I take a 15 second glance and that’s it. Anyway okay. Let’s see AMZN go Up from left to right. Oops that would be charts
We're talking about Amazon here. I see no "resistance" anywhere in this stock for the last two decades (note this chart is dated but you get the point. If I'm trying to buy on a dip by looking a some technical analysis chart, I'd have missed out on tens of thousands of dollars in gains. Sorry, again I state "not applicable."
The irony you don’t read charts and use a chart as proof of your conviction in the stock. LOL
I think those of us using charts invest as well as trade. If you don’t trade they don’t matter that much. However say when I am looking online at buying a house, I look at past buy and sell prices as well. Tax history whatever. It’s sort of the same thing. When I play poker I tend to pay attention to the cards I have and the ones on the board. I am odd that way. I must be superstitious.
By "charts" we mean different things. Of course I'm curious about the history of a stock... the company's earnings, book value, market price, debt and so on. If earnings are flat but the price is galloping upwards, perhaps that's not the ideal investment.
But the persons whom in this thread we've dubbed "chartists" focus on the so-called technical indicators, such as the MACD and all sorts of volume and momentum stuff. The point, evidently, is that such charts give information NOT about the health of the underlying business but of the sentiment of the market... and since market-sentiment, rather than underlying business-health, is what drives prices near-term, well, that's what attracts the chartists.
As to your examples, first, in the poker hand, there is a good theoretical model for predicting odds of various card combinations. These predictions are so good, that a computer with fast calculation would have an advantage over a human player. If the computer had infinite capital and played indefinitely long, it would, I think, be guaranteed to win. So, a person whose mentality best approximates that of a computer, has an advantage. In the stock market that is patently not so.
In the example of the house, we have a very illiquid and specific asset, which gets priced subjectively (what the seller wants) instead of through market-forces. You, as the prospective buyer, have every reason to negotiate, for which purpose you do your homework. You can not negotiate for the purchase-price of a stock, unless you're the market-maker yourself.
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