tstan wrote:Omg! This freak pro is correct, the sapcres is rallying...his blog is www.winbursa.blogspo
t.com but I guess his attitude is a big problem.Wrong buddy... dead wrong...
This is the guy who has a week ago issued a bear call to sell ALL stocks...
And he attributed this buying of Sapcres just merely due to a bullish harami pattern.
SOrry Edmund, frankly, its more luck than skill.
The actual reason is same like Airasia highlighted by ttt and the relevance is VSA - Volume Spread Analysis. Hence, in ttt's case, its was skill rather than luck.
A Bullish Harami pattern probably has less than 50% accuracy rate. Whereas VSA has higher than 50% accuracy rate.
Its important to distinguish this for many think themselves as geniuses during the bull run and frankly many dont end well. Those who become better have to first learn humility before able to absorb the real lessons - in this case TA.