stocks moves because of BB, not bcos of your illusioned TA

in my opinion TA is a bunch of bull s h it...

however on the other hand, TA only work when the bunch of fools believes in TA.

Let me give u all an example:
Lets say in a room of 10people. and got a stockA...

ANd i propose to u a TA theory... i call it the fiboCCB_LJ theory. according to limbeh's theory i say, if stockA goes above $1, then it will break resistance n chiong up.

Then all 10fools inside the room believes the theory.

Oneday, the stockA goes > $1,. Person1 saw it, buyyy... price hit 1.01. Person2 saw it... buyyy up, hit 1.02... person 3 saw it , he buyyyy 1.03... etc etc etc...
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Now, if u analyse the above, stockA chiong up is bcos the bunch of fools believe in my socalled fiboCCB_LJ theory. and it did not chiong just because my fiboCCB_LJ theory is true.

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Now come to the real world, u imagine, one day, nobody believes in MACD, bollinger, ur fiboCCB retracement, idi0t wave analysis anymore. What will happen?
--> ALL YOUR TA fails!
But fortunately, there are many fools in this world believing in something with no scientific evidence. TA is a belief, not a theory.

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Now come back to sg stocks. i m very surprise some people uses TA in local stocks. locally it is like this: imagine a room of 10 people. 8 of them are retailers. only 2 of them is a BB, he holds HUGGEEE amount of cash.

as long as the BBs buyyyyy, stocks goes up..
as long as the BBs selllllll, stocks goes down..

NOT BECAUSE OF YOUR ILLUSIONIED TA!

U just imagine, your TA reads say for example China Milk, BUYYY due to a combination of TA...
But the substantial shareholders (holding huge amount of shares) all wants to sell, because they somewhat know the insider news is very bad. Something very wrong which u dunno of.
Hence, u buy, u die pain pain..
--> the above is an arbitrary example.

Forget your TA, it don't work in sg market.