Firstly, let me start by saying I am a novice in the chart world and nothing about what I am about to say is a criticism of the charters or the science of charting itself.
But I am struggling to understand the value and validity of charting on a stock that is externally manipulated i.e. the shorters. I guess what I am saying, charting is based on theories and past behaviour and underlying data, yet we have some manipulation which influences the trends so I question how valid or accurate this can be.
If I put it this way, you can chart a temperature rise of a saucepan of boiling water. This may be based off proven data from past experience. and you may have many models which cater for variables in fuel source, base temperature of the fuel sauce. Volume of the water to be heated, The gauge of the saucepan material and how well it retains heat etc....... But in our case we known have know all of those variables which comes into the chart predictions, but we have shorters adding ice cubes in various quantities and various times which influences the behaviour.
Can you tell me how this manipulative behaviour is considered within the charts and therefore why they should be relied upon
New TA/Charting, page-11881
-
-
- There are more pages in this discussion • 3,633 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LTR (ASX) to my watchlist
(20min delay)
|
|||||
Last
83.5¢ |
Change
0.020(2.45%) |
Mkt cap ! $2.024B |
Open | High | Low | Value | Volume |
82.0¢ | 85.0¢ | 81.5¢ | $9.483M | 11.34M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 31655 | 83.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
83.5¢ | 60687 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 21655 | 0.830 |
2 | 10424 | 0.825 |
2 | 4219 | 0.820 |
6 | 346691 | 0.815 |
3 | 54030 | 0.810 |
Price($) | Vol. | No. |
---|---|---|
0.835 | 28500 | 4 |
0.840 | 40000 | 2 |
0.845 | 67000 | 4 |
0.850 | 148351 | 10 |
0.855 | 63509 | 4 |
Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
Featured News
LTR (ASX) Chart |
The Watchlist
EQN
EQUINOX RESOURCES LIMITED.
Zac Komur, MD & CEO
Zac Komur
MD & CEO
SPONSORED BY The Market Online