technical analysis quote from Top Trader book

Discussion in 'Trading' started by TradeBlazer, May 12, 2024.

  1. It's mating season for polar bears up here..hard to sleep with all the racket.
     
    #131     May 14, 2024
  2. Look at how many earnings we have been through during this C&H...most of which were beats but no affect on the overall pattern.


    upload_2024-5-14_5-47-14.png
     
    #132     May 14, 2024
  3. Nailed it! See I came to the correct prediction by merely looking at what the chart was offering. I accomplished more than all the professional analysts with about a minute of my time. I not only called the miss AND gave the reason for it, I also gave a price target a month out instead of just guessing at a percentage for the day of.

    So to summarize my decision making process:

    • The chart was showing me it had another leg down to (5)
    • An earnings miss would fascillitate it going lower (but not required)
    • It would make sense they miss on revenue because of the high cost of materials. (interest rates)

    upload_2024-5-14_6-42-40.png



    upload_2024-5-14_6-35-37.png
     
    Last edited: May 14, 2024
    #133     May 14, 2024
  4. Sprout

    Sprout

    What's the TV Indicator showing earnings label on your chart called?
    Have you come across any that labels guidance in a similar format?
     
    #134     May 14, 2024
  5. p0box4

    p0box4

    Lol, you really are the joke of ET these day's :vomit::rolleyes:o_O.

    You called nothing at all, you said it might miss, it might beat, that's not nailing it. Clown.
     
    #135     May 14, 2024
  6. p0box4

    p0box4

    @schizo nailed it, by how you would act after the fact.

    Pathetically predictable.
     
    #136     May 14, 2024
  7. Proof is all here to see lol...called the miss...called the reason...called the price target. :)
     
    #137     May 14, 2024
  8. p0box4

    p0box4

    You predicted both a miss and a beat ...
    If it would have been a beat you would just have quoted your other post. You really expect an applause for such a pathetic attempt?
     
    #138     May 14, 2024
    Darc likes this.
  9. p0box4

    p0box4

    Wrong on this one as well.
     
    #139     May 14, 2024
    Darc likes this.
  10. Grasping at straws are we? That wasn't a prediction it was a joke..but how is it wrong? Look at the s&p. Statistically they say that during an election year the economy will get propped up. :)

    Actually the election year is happening to coincide with the chart needing to extend but let's not split hairs.
     
    #140     May 14, 2024