Good thread title haha. I do wonder how often the T/A guys look at the stocks they trade and then look at broader indexes and see a common shape in the chart, lately I've seen a lot of TA guys on the NEA, APX, ALU threads talking the same kind of thing. When i compare the broader info tech index or even all ords over the last year/6 months they look remarkably similar. I just think about the amount of work the T/A guys go into looking at charts in the most minute detail on a specific stock and suit their arguments with all these rules, and then you look at the index chart and it looks almost exactly the same it's just kind of funny and stupid. I mean each to their own but i can trade a stock simply based on valuing it based on future growth and fundamentals and knowing its undervalued and be so much more confident in my trade than seeing if "a line crosses over a line". half of these traders just create their own short term self fulfilling prophecies
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Good thread title haha. I do wonder how often the T/A guys look...
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