yes the trend is down, and yes it is very obvious.but guess...

yes the trend is down, and yes it is very obvious.
but guess what?
as basic as it sounds, people still buy into downtrends.
they fish hoping to find a bottom with no technical basis whatsoever.
look at the other thread!
"ADY may be bottoming because its been up and down today"
??? what type of logic is this?
finishing down 9% is not "finding a bottom". if it kept doing that it would go into administration.
CMR is another example that happened today. ADY is not the only one here.
i bore you magoo - do you think i care?? all that matters is that people that are heeding the trend have saved themselves misfortune.
whether i read it in a book, did it in a course or just learnt from painful experience should be irrelevant?