Ok, so it's a short term forecast, no problem with that. But it still just looks like hindsight - how can it help with the short term forecast? The last set of posts on SOW26 were to the effect of look out everyone coz of the Jan16th SOW26 and only after it went up, we got the post that said it went up because of whatever bars. Now we get a post saying it went down because of some other bars? That's of no use. Is this a forecast it will continue to go down in the short term (a number of days?) or can this only be confirmed after the fact?
For mine, I'm still content none of the MAs I've mentioned have uncrossed, while acknowledging they are currently flatlining and could easily uncross the wrong way if it doesn't get a kick from the quarterly. Yes, it went down with the market today, but one day does not change a trend. Frankly, I don't see how any TA can possibly predict what's in the quarterly or the market's reaction to it. Where it can help is to reflect the market direction afterwards.
LYC Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
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