this post was submitted on 27 Aug 2025
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[a "technical analysis" chart shows a lot of silly things: a bull flag, a falling wedge, a hairy bear channel, a bidet loop, a top bottom, a blood candle, and a testicular squeeze]

[character] Isn't all that "Technical Analysis" stuff basically astrology?

[proud traderbro, index finger up, in his STONKS hoodie and backwards cap] Oh yeah? If TA doesn't work, then how come most daytraders use it to successfully lose cash?

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[–] null@lemmy.nullspace.lol 2 points 3 months ago

Of course retail daytraders don't stand a chance against firms who do this for a living. Nor did anyone say that predictions are 100% accurate.

Doesn't change the fact that predicting changes in the markets based on previous trends is nothing like Astrology.