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kaskoosek (99.76)

Why TA doesn't "always" work.

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August 12, 2009 – Comments (2) | RELATED TICKERS: THI , N , K

If point A is higher than point B.

 

Now we are at point B. Previously we were at point A.

 

At point A in time, people were will to buy the stock. Now we are at a cheaper price "point B", obviously there must be more people willing to buy the stock now assuming there was not a significant change in fundamentals?

 

One caveat, who said that the people who were buying at point A were either knowlegable or smart. 

2 Comments – Post Your Own

#1) On August 12, 2009 at 7:47 AM, cthomas1017 (30.38) wrote:

More importantly, who said that people buying at point B didn't wake up to learn the Fed shocked everyone and raised the overnight rate by 'x' basis points?

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#2) On August 12, 2009 at 8:33 AM, kaskoosek (99.76) wrote:

cthomas1017

Fed's policies were not a shock to anyone.

QE was actually expected from the get go. 

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