IKN

Take physic, pomp

Chart of the day is…….

……Dynasty Metals (DMM.to) and a trip into the wacky world of technical analysis.

Nearly all proponents of Technical Analysis that I know say that they “don’t like gaps”. There’s something especially weird about this in my view, as if a hole in a chart’s pricing can attract a future valuation in some kind of mystic magnetic way. IMHO it’s bonus mumbojumbo layered upon the normal TA mumbojumbo, but even the cream of chartists that I know…the ones I actually respect such as Gary over at BiiWii or the mysterious dude known to the world as “Grin” adhere to this hatred of gaps.

So there’s a big fat gap for you, charties. Waddya say?

Leave a Reply

Your email address will not be published.

Hello, you are not in a chatroom, you are in my living room. Opposing views and criticisms welcome, insults or urinating on furniture unwelcome. Please refrain from swearing if possible, it is not needed.