My comment wasn't relating to the fractal in particular - like I said I was enjoying watching it form!
It was just to point out that the Overstock news caused a mini-rally and that this news was not caused by trader sentiment, a market move, or anything else.
It was just to point out that the Overstock news caused a mini-rally and that this news was not caused by trader sentiment, a market move, or anything else.
it's funny that you claim to know for sure what caused the move up. i would take the scientific approach and say that the fractal model is sufficient to predict that the price would move up after such a large volume bounce off of the moving support, and so Occam's Razor encourages me to ignore any other data. it is because of this that i believe market forces win against news every time. in fact, i have empirical evidence to support this claim, while you merely assume that it was the news
--arepo
You are joking aren't you?
Come on please. If you can't admit simple facts that everyone (including people who can't do maths, geometry, etc.) can see with their own eyes then what's the point?So it is just a coincidence that the Overstock news came online and minutes later the rally (which is still going well) happened?
So, were those who expected the bounce this morning -- absent Overstock news -- wrong?
What is your evidence that the news caused the rally? You are suggesting that absent this news, the market would not have rallied. What is your evidence for that?