Post
Topic
Board Economics
Re: Monkeys: Don't do trend analysis! (with poll)
by
Eugenar
on 28/08/2020, 14:19:50 UTC
If you've watched a chart for long enough you'll know where it's going next. TA for Hull and bear flags and repeat patterns also make it possible to have a pretty clear idea.

Also depending on how they traded is going to change things. If it was equities, while in a bull market, most are going to follow the trend.. If you just keep longing at 3x leverage for example, even in crashes you won't lose anything...
But given this market is lacking consistency, making a prediction will not be a help. It is one's freedom to share his thoughts and speculations but I just cannot see the essence of doing so because the market is inconsistent, a pattern may be formed but that doesn't give assurance of what could happen next. We should expect the unexpected because that is how this market behave. A market price could go up continuously but could also fall down in an instant. Same thing when the market price is falling, the other way around could take place.