Visa in the Dow now wont trade like it did last year
What that will mean this year I think will be less manipulation in one day when joe blow analyst says so an so and the firms traders buy buy buy until the run hits its peak then they pull the rug out.You chartists are in for a challenge because High frequency traders are definitely in the game now more so than before.Last year it followed the MAs pretty much until Joe blows came in with a rating or the big moves came with the court cases one with the retailers the other with the fed on swipe fees.If you tell me this stock will go to 160 or 400 by the end of the year you are kidding yourself this aint that kind of stock if you think it is then your charts have caused you to go KOOKOO.
if you followed the stock for the last 5 YEARS you would notice that PT change would push the price up to a point and most of the time the price would stay around that level.
The price has never been pumped above the set PT level.
And all most always when the stock hits those levels it forms a support level.
That is IF YOU HAVE BEEN FOLLOWING THIS FOR THE LAST 5 YERAS LIKE A LOTOF US HERE.
Lose the attitude kid and try to get along with people. Most of the people on this board are friendly.