Why uncanny? TA is a self-fulfilling prophesy to a large extent....

  1. 27 Posts.
    Why uncanny? TA is a self-fulfilling prophesy to a large extent. Everyone's read the theory, anyone can read the charts. So everyone sees the support, and evreyone stops selling and starts buying. Works especially well with blue-chips.

    Don't take this as criticism of your trading or TA for that matter. I'm just rying to offer one possible explanation of why it works.
 
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