TrendTrader007
Active Member
so i looked at all the major historical lows of tsla: Feb 2016, December 2016, June 2019 and March 2020: in all cases, with zero exception you had to have volume slightly higher than day before-which is exactly what happened today. does this mean we are all clear: certainly not. there is a small possibility that we may have a few more days of selling left, even a lower low than $108. it is entirely possible that if P&D disappoints then we make a lower low, even break $100 temporarily. however, odds are that today was the low. i would state about 90% probability.
for those who are LTBH it makes zero difference.
for some, like yours truly, it makes a world of difference in that i will be watching very closely what happens next
it's always good to have a strategy.
say you don't believe in TA and think it is all gibberish. fair enough. so you hold TSLA for 20 years straight and then one fine year it goes down -50 to -70%
that would be fine if you are in your 50s but not so cool if you are in your 70s or 80s
so i see little downside in knowing how other market participants think.
TA does help with that, to a limited extent.
like EKG does not dictate entire treatment plan but is extremely helpful, especially when abnormal
for those who are LTBH it makes zero difference.
for some, like yours truly, it makes a world of difference in that i will be watching very closely what happens next
it's always good to have a strategy.
say you don't believe in TA and think it is all gibberish. fair enough. so you hold TSLA for 20 years straight and then one fine year it goes down -50 to -70%
that would be fine if you are in your 50s but not so cool if you are in your 70s or 80s
so i see little downside in knowing how other market participants think.
TA does help with that, to a limited extent.
like EKG does not dictate entire treatment plan but is extremely helpful, especially when abnormal
done 
?
in the end. Pun intended
