Post
Topic
Board Speculation
Re: Technical Analysis Without Technical Knowledge
by
Razick
on 27/04/2016, 17:06:15 UTC
So we may be nearing a critical point (no pun intended) where the bull market either 1) accelerates (steeper trend), 2) jumps up to a higher trend-line 3) drops to a lower trend-line or 4) ends.

So TA tells us that at some point the price will either go up, go down, or stay the same. Very insightful.

Yes (except for stay the same, which is not one of the options). I don't like to make bold predictions without knowing what I am talking about as so many here are fond of doing. What is interesting is this: The current trend is likely to change within 1-2 weeks. I think that is insightful, especially if you have an opinion about which of the 4 options is more likely. I think 1 and 2 are more likely, meaning that we will likely, if I'm right, have an increase in either 1) price or 2) trend above what we've been experiencing within a week or two. Note that I also suspect that we'll test the support before that point.

So if you agree with my position, it might be wise to wait for the price to drop to near support and then buy in expectation of higher prices.

(But again, that's all my uninformed opinion)