INCY Poster conversion chart -- really! Jacosta = informed long with TA. TJ = Has TA & understands stocks,
self made realistic investor in a frustrated INCY long position, Viseslinger = Options spread, makes $ both directions and could care less about pumpers, Maddi3sum = Pinoccohio who u can't trust as an eternal pumper of nonsense with weekly buyouts and outlandish stock prices. Maybe we should rename Maddi3sum instead of Pinoccohio as "Windy"?
I don't usually respond to the children, but I want to clarify my relation with TA. I believe trading ranges exist but mostly in the sense that moves within the range don't need to be explained. I believe in some seasonalities (January is good for story stocks, spring slump for growth stocks, late Summer generally benign and stocks generally extend either up or down moves in November). But I don't count on them too much, maybe a secondary factor in picking option series. For the rest of TA, I refer anyone interested to Burton Malkiel's "A Random Walk Down Wall Street." And in an era of high-speed trading, I think TA is even less useful.