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All wrong. Obviously "Chartist Theory" can not be relied upon...

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ChinaSyndrome

3,569 Posts.

1878

03/11/21

11:03

Post #: 57278424
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Originally posted by ChinaSyndrome: ↑

Another commentator missing in action is that Chartist woman with the dog !

This is certainly going to test Chartists theory on Monday,

From their Bible "The Dragonfly should be verified by waiting for trend confirmation on the following day".
True Dragonflies are very rare since open, high, and closing prices are rarely ever the same. Successful traders will typically wait until the following day to verify the possibility of an uptrend after a Dragonfly.

I wonder what predictions she would make from the Charts today ?

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All wrong. Obviously "Chartist Theory" can not be relied upon unless those espousing the trends are actively participating. ie self fulfilling prophecies !
Which suggests that Charting forums are nothing but dens of Collaboration conspiring to control stock prices!

ASIC/ACCC please take note, it is not just Telegram that is being used to manipulate the Market.

PM8 Price at posting: $1.66 Sentiment: Buy Disclosure: Held
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0 Great analysis

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