Thank you
@wednesdayschild. I have read, and will re-read again - as always. If you were my school teacher, I would want your lessons first thing in the morning - when the brain cells are freshest, coz with you, a lot of brain power is required.
Thanks Flots
@flotsam222 as well.You raise something I was going to ask to th egenerality (everyone):
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Dear HC punters!
Does the market have memory?I’m curious about this from a technical/charting angle. Say we’ve had significant fundamental announcements (like strong trial results or FDA designations) that didn’t trigger much of a price reaction at the time - possibly due to other distractions like macro events, index exits, or just biotech fatigue.
My take (based on what’s been shared here) is that from a pure
TA perspective, the market has no memory. If an announcement didn’t move the chart when it dropped, then it’s more or less ignored by the price action going forward - unless something else reawakens interest.
But is that really the case?
Can prior “ignored” news still act like dry powder, waiting for a spark?Or does the chart only care about what’s visible now - price, volume, and sentiment in the moment?
Would love to hear how chartists (and others) see this. FA followers might say "it’s in the bank," but what does TA say? I guess, its a NO!
(20min delay)