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RE: What's next for NXT? Its Bull Run ISN'T DONE YET!!!
but if u give a target of $0.24 ... people will exit around that target ... and once they exit they wont be able to get back on it and miss the ride
it's an estimation, you are still responsible for following the charts yourself and making a decision yourself. Technical analysis is not exact science, it's trying to see the most probable pathway, something Haejin says over and over. And hey, if you sell too early, you still made a profit, don't you?
sure... but theres a difference of 1 and 10 and the difference is 90% .... i can call something.. actually anything and say it will be 11 from 9 very soon... and then it goes to 100 in a week... i am not gonna shout that i was right after it reaches 100 :)
You should follow the charts and update your analysis, targets will become more and more accurate. You should also view his tutorials, like the laddering one.
If you say something is gonna go up and it goes up you are actually right, that's all what you need to know to make profit, knowing if the direction is up or down. In your example you can say that it will go up at least 150% and never goes down lower than 50%, if it goes up 1000% you are right, updating your analysis can even make you profit of the most part of the rally.
He can't know how much and when it will go exactly, just estimate a target.
I think the point of haejin is giving us his analysis to teaches us how he does what he does. Look at his tutorials, buy and reads the books (elliot waves/stock trends analysis) and learn to make TA by yourself. Then you'll know when to go in/out. And if you just follow his advice and get in/out when he says so you will make profit anyway.