The trouble in TA is, there is no higher authority who makes judgement calls on what is a good call and what is not at any one time, when predictions are posted.
Mr Market, even after the fact, isn't very specific either when it comes down to why SP is going up or down. So it may just come down to track record, quality of chart interpretations based on available data and accuracy when judging outcomes later, then with the benefit of hindsight. However with the passing of time a lot of the inaccurate or false predictions are dumped on to the garbage mountains of cyberspace without being re-evaluated.
I'm not sure how many times I have seen this very basic schematic as a reason to call a major high and an impending major correction in LTR's SP
but I think it started of with @beisha selling out at 64c and we all saw what happened after that. I feel sorry for those who may have followed that call and any of those following after that all the way up to $1.995. Track record, doesn't match made predictions, but narrative never changed and the badmouthing of others as far as there understand of the facts goes increased over time.
Then we have the chart pattern and Wyckoff Distribution expert here as well, where IMCO the track record again doesn't quite match the predictions or "helpful suggestions" made. However the narrative never changed, despite the SP going up like during a markup not down, but offering no further explanation how this could be the case. I always thought the market makers, COs are representing the smart money taking profits at or near the high(s), not selling or starting to do so since September 2020 as has been claimed here.
Then there is the other expert chartist who only seems to know 61.8% corrections, which set in every time there is another higher high coming along, apparently no further explanation required. It is just going to happen (cough cough) or not. Track record also seems somewhat questionable.
My track record speaks for itself and seems to be quite alright or alternatively I must be one of the most successful up-rampers around on the LTR charting thread.
New TA/Charting, page-6961
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