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RE: EOS - This Fruit Is Ripe, Time To Pick
The charts tell us what to do. I know there's algos out there and there's the crowd that says technical analysis is dead but I still go by the charts over the intermediate and long term. The short stuff is just noise.
I'm kind of the other way around..
I am of the belief that the main reason why TA works, is because a large portion of the people take decisions based on TA. Kind of like a self-fulfilling prophecy. In my mind, TA is for a large part a psychological thing that strengthens as more people believe in it and diminishes when less people do.
Interesting