Im reading posts about people who are accurately predicting some of the price movements on a mining explorer I am long on. "I accurately predicted this, but was off by X time, so to adjust for today's changes, I predict this" And others are chiming in agreeing and so on.
As far as I can tell, these people are not day traders and some have been holding for a while. Not only are they wasting their time, as the TA is currently based on hype on expected news, but they also have no intent to sell. On top of this, its a spec stock. TA is dead useless except to day traders.
I see this a lot, but for some reason it annoyed me today.