RAC - Charts & Price Action, page-20264

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johndprent

3,044 Posts.

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27/03/24

17:33

Post #: 73088436
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Originally posted by slick: ↑

You know I wasn't going to touch this when I first saw it as I think the question is disrespective to all concerned and I'm not sure a lot can be gained from it.

But with all the going-ons that continue to flood the threads, I'll add this.

In one word, what are my thoughts on Jabra's charting?.........Brave.

Look Jabra and I have clashed in the past and now generally steer clear of each other which is probably a shame as I believe we may live in the same town but I have to be honest, I look at every one of his charts posted. The reason for that is that I'm wanting to know where his thinking is heading and how he interprets different indicators. I use a completely different TA system to Jabra but just like him, I get many calls incorrect and it sometimes costs me financially which hurts even more. Therefore we chartists often will dissect other chartists to see if they can add to their own systems. Hence why the outside groups are so important where likeminded folks can test, experiment, learn, develop and profit from without all the noise from HC.

The thing is with HC and I'm thinking it's quite detrimental to individual development is that folks only want to read what they want to hear. (read that twice)
Think about it, Jabra gets hounded as he's not posting what you want to hear, I get it. I see it happen all over HC and I cop the same thing all over the place. But far more importantly, do you only want to hear what you want to hear or are you open to someone's view on how they are reading the current or long term play?
Sure Jabra is extreme in his targets but he does display the reasons for the targets. Absolutely he gets many wrong, but I've also seen him get it totally right! This is where we are completely different as I don't do targets at all, couldn't give a shite about them, I'm only concerned with good entries and more importantly, better exits. I'm not brave enough nor does it help me if I put numbered targets down as that immediately adds a personal bias to the entry or exit points. And I've learnt the hard way that that costs money.

The best posts I see here is when someone disagrees with any chartist and offers reasons and substance (yes substance) for that view. Then we can all gain. It's the way HC used to be rather than the current spoon fed generation that want it all and they want it now.

And finally, If you don't get anything out of Jabra's posts or mine then it's pretty simple, set us straight as in correct us or simply use the ignore option.

Cheers.

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Jabra isn't getting hounded because he posts bearish charts. 6 weeks ago he was calling holders foolish and idiotic for considering buying... and then the SP went on a near 200% tear.

Who's foolish and idiotic?

RAC Price at posting: $1.39 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.53		Change -0.045(2.86%)		Mkt cap ! $260.8M

Open	High	Low	Value	Volume
$1.58	$1.59	$1.51	$172.6K	111.7K

Buyers (Bids)

No.	Vol.	Price($)
2	3872	$1.53

Sellers (Offers)

Price($)	Vol.	No.
$1.55	770	1

View Market Depth

No.	Vol.	Price($)
2	3872	1.525
2	14459	1.520
1	660	1.515
1	11000	1.505
2	10030	1.500

Price($)	Vol.	No.
1.545	770	1
1.585	141	1
1.615	9039	1
1.620	2192	2
1.630	6499	2

Last trade - 15.36pm 11/11/2024 (20 minute delay)

RAC (ASX) Chart

RAC - Charts & Price Action, page-20264

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RAC - Charts & Price Action, page-20264

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