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This is not an endorsement of TA but look at what they do, not say. They are highly influneced by chart movements. Price predictions and buy/sell recommendation
by nonethewiser 3y ago
This is not an endorsement of TA but look at what they do, not say. They are highly influneced by chart movements. Price predictions and buy/sell recommendations are constrained by recent trends and observed prices. Even if they want to say they are driven by fundamentals. These “fundamentals” change in reaction to price action.
- PaulDavisThe1st 3y ago> This is not an endorsement of TA but look at what they do, not say So do they hire you, or do they not?
- nonethewiser 3y agoGoldman Sachs is a weird authority to appeal to. And even if you want to you’ll be appealing to an authority that endorses aspects of TA.
- mcguire 3y agoYes. If you value a stock based on fundamentals, including estimates of the company's future performance, at $10 and the current asking price is $100 you don't want to buy it. Vice versa, you would.
- NovemberWhiskey 3y ago>This is not an endorsement of TA but look at what they do, not say. What they do is make-market, rather than conduct proprietary trades, and spend huge amounts of time, money and effort on risk management that's based on hedging the risk in the book rather than forming an idea about which way the market is going to move.