macrocephalopod on Twitter: "If you draw enough lines on a stock chart the price will go through some of them and bounce off some of them, it’s not telling you anything that’s just how lines work."

@macrocephalopod

Paul Allen, Vice President M&A, Pierce & Pierce (Sie/Hir) | Vegan | Silence is Violence | Women’s Rights Are Human Rights | ACAB (Assigned Cephalopod At Birth)

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1. El Duder (Institutional)‏ @DudeMan67256625 8 Sep 2021
  Replying to @macrocephalopod
  
  What about ovals?
  
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1. Rob Emrich III‏ @therobemrich 8 Sep 2021
  Replying to @macrocephalopod
  
  pic.twitter.com/n2mz2N3qJg
  
  2 likes
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1. David Belle‏ @davidbelle_ 8 Sep 2021
  Replying to @macrocephalopod
  
  But if you draw enough lines you can scale into each one small as theyre all smashed through and eventually get to 1% capital risk /s
  
  2 likes
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1. Show replies
1. Mitchell Rosenthal‏ @M1tchRosenthal 8 Sep 2021
  Replying to @macrocephalopod
  
  Mitchell Rosenthal Retweeted NRI Inc
  
  https://twitter.com/NewRiverInvest/status/1343646797353242624?s=20 …
  
  Mitchell Rosenthal added,
  
  NRI Inc @NewRiverInvest
  
  this is what i mean. it's all just flows all the way down, its TA in a tuxedo with fancy numbers. the returns performance of the strategy is just a measure of how many people are piling into it or fleeing it. it's all just technical analysis in the end, nothing else matters.
  
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1. Danish Aggarwal‏ @DanishAgg 8 Sep 2021
  Replying to @macrocephalopod
  
  Key is draw based on set concept. This is actual money not drawing competition.
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1. Rio, Market Catnician‏ @musingtrader 8 Sep 2021
  Replying to @macrocephalopod
  
  Welcome to the wonderful world of Technical Analysis.
  
  1 like
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1. Manal Nasseredine ‏ @ManalNass 8 Sep 2021
  Replying to @macrocephalopod
  
  But isn't "Quant" just another word for "Intimidating technical analysis that looks real smart"?
  
  2 likes
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1. Contrarian Investor Media‏ @PodContrarian 8 Sep 2021
  Replying to @macrocephalopod
  
  Few
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