this post was submitted on 16 Apr 2025
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Technology
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Basically it is a "technical analysis" thing. Which basically means divination based on "shapes stonk line make".
Death cross scary shape when stonk line cross other line
Biggest issue I've seen with technical analysis like this is that it's more a measure of market sentiment, not fundamentals. You're using the crowd as an indicator without any idea of whether the crowd knows anything you don't or not.
So it's a little more meaningful than dowsing rods and tarot cards, but only barely. Market sentiment can change on a whim.