That’s what makes investing and TA interesting. Any given chart or analytical tool or fundamental data can always be interpreted as good or bad, up or down.
Lots of cash out there looking for a bargain, and OTOH lots of shareholders looking to sell when they think the market is overbought.
The best one can do is play the odds, like a Texas Hold Em player. Sometimes pocket aces lose, sometime 7-2 OSs wins. Sometimes you hit that flush on the river, sometimes your opponent hits that inside straight.
If there was a sure bet in the market, everyone would buy it.
One thing that has really changed the dynamics of the market over the past few years, is the retail traders.
We call them the “buy the dippers” there are hundreds ..maybe thousands of young u-tubers using “white label” market data to create a subscription site.
They show charts and numbers and lines and give “recommendations” and alerts to all their followers.
Of course it's a front running scam, but it becomes a self fulfilling sort of thing. It runs a-muck in the small caps ... along with illegal naked shorts.
A lot of that has moved into the real market.(ndx)
Watch from about 11:30 to 1:30 if you want to see the lunch bunch. 12:00 - 1:00
Do you ever watch the over nights?
Have you ever seen a good magic minute 4-4:01 at close
keep your eye on the ball ... and ... SWING for the fence
“If there was a sure bet in the market, everyone would buy it.”
Anyone that refers to “bet” and “market” in the same sentence is not I reality.
Poker is a zero game before the house rake.
The market is composed of companies. I have about 15 long term stock holdings plus a big tech weighted fund.
All are winners. I could never go 16 for 16 at the table.