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12:23
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Originally posted by BobF:
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There are a few differences. It's a bit like the weather forecasting. Climatologists have very good models of how the weather behaves. But all models are difficult to make utterly accurate and consistent. It's a problem of how much data you can use to model all the interactions and feedbacks. The weather is usually pretty close to what is forecast, but not always at exactly the right time or precise locality. So every one is cynical about their accuracy because what they see is not exactly what they expected and planned for based on the forecast for their region.
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good description Bob, and you also get market manipulators deliberately create a chart look to encourage a move in one way or another - hard to rely on the ST charts on Wbt at the moment with shorters slamming it down regularly at key spots. Won't last tho - fundamental changes to the companies prospects like the latest deal will have their day in the end - like building sand castle dams - tide will overcome the walls just takes a bit longer.
(20min delay)