You must be rich from determing the future, financial institutions state before investing in any of their products that any past returns or events can not neccessarily be used to determine future returns, I have never met a rich trader, posed many questions to companies holding seminars in the past selling their expensive trading programs. Even the so called banksters and futures traders blow up. no one can do it no one, 90 per cent of traders fail.
Just stating that, tech analysis is a bolt on to what has happened in the past of which has some use.
However The price action is occurring due to events coming together for SMA that they have been working on over the last 5 years, and what I am stating is that to those that have been in the stock forever in following it closely, there is no suprise of what is now happenning Now TA is of no use to me now as I will be a holder for the big payday down the road that is definitely coming, that has been clearly spelled out by management. Believe that theecare many research companies such as the fools stating to put SMA on a watch list, also buy sell signals, etc etc. and yes the market makers giving it a push.
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