SNSN schreef op 1 augustus 2013 13:23:
[...]
The " block" at 2.07 is there only because somebody "predicted" (made it public) "resistance" there...... So, profs are trying to stabelise prices at that so-called "predicted level" ...... With the "same accuracy" someone (who has certain "respectable name") could "predict", let's say, a "long-term resistance" at another level....
The matter is that because of "jump processes" which affected standard price diffusions in the beginning of Feb. and the end of Apr., any standard TA metthods (on long/mid horizons) are not applicable and are not reliable.....
The main question is how many people would believe in those "predictions".
Actually standard TA is a trivial tool (often used by profs & big players) to coordinate actions of different market participants.....