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RE: Steemit New Motto: Earn Lots Of Money Launching Personal Attacks So We All Can Laugh At Others!!!!! It Is A Sure Winner

in #steem7 years ago

Thank you @revo and I apologize to you for grouping you in there. That was presumptuous of me.

And I appreciate the explanation of your conclusion on TA. At least you have thought it out.

You call it a self fulfilling prophecy yet it could be simply a metric that monitors human behavior. Sure it is forward looking which is not exact, but then again nothing is. When a company grows at 5% a year for a decade and their next year's projections are for 5% growth, is that a self-fullfilling prophecy? Is that a scam to?

And let us go one step further, you mention support lines. Even if it is self-fulfilling, which in this era of computerized trading could be more likely, isnt the fact that it is forecasting, with reasonable accuracy, where the line is make it not a scam. I mean does not using TA mean that the price action is going to change? If millions of traders and their computers around the world believe a stock price is going to stop and reverse at $X, doesnt the fact that it close to said point fairly regularly add legitimacy to it.

And finally, using your logic, then all forecasting, projecting, charting, and goal setting in business or life is a scam because whenever a person or a group of people set quantify behavior either graphically or numerically, there is a degree of self-fulfilling prophecy?

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