Quote from: MatTheCat on May 13, 2014, 01:13:30 AM

Quote from: solarion on May 13, 2014, 12:32:12 AM

Not even a little. When I was young(and dumb) I *DID* believe that TA could predict with some measure of accuracy. It's hogwash...and btw so is the easter bunny.

Follow most of the TA posted on here and it's hogwash. Start trying to apply TA 101A principles without really knowing what you are doing and its hogwash. Go and find someone who has a talent for it and it is an indispensible tool that a trader would be crazy to trade without it. There are no guarantees and no sure fire way of accurately predicting the market, ever. There are however some very ingenious tried and tested methods of determining good market entry and exit points which greatly increase the probability of a trade turning out sweetly.

It appears the "trend" I pointed out in the OP has been broken. The price could still shoot downwards but if it does, it still wouldn't truly be following the previous dips. DanV has stuck with his predictions so far, but other traders on TradingView (Tim West, David Alcindor) seem to believe it is now more likely to go up than down. I suspect even DanV may adjust his previous predictions soon. Thoughts? Obviously I would be disappointed if it goes up before it does first, but I still feel alight about my decision and my plan. I may slightly adjust my plan and buy back in at $480 (as opposed to $500).