The Men Who Stare at Charts: Mental Whipsaw Edition

I’ve had SWKS on watch (where it resides to this moment) since it climbed above the SMA 50 & SMA 200.

swks

Hilariously enough, while looking at my Fidelity capsule on the company, which includes useful information and not so useful information, I saw this little whipsaw.

Two TA services linked by Fidelity include an Elliott Wave thing informing me of a bearish continuation pattern but then a bullish “wave 3 extension” just two weeks later. Got to love EW with its extensions, its… what is the term they use when a thesis aborts? Anyway, those things. Oh, and let’s not forget the all-important “alternate counts”. Ha ha ha.

Then there is a thing called Trading Central, downside targeting 73.60 on March 29 and prevailing upside on April 4 (as long as 82 is support, lol). Yeah man, we get it.

I just found it funny, is all.

I have enough trouble not whipsawing myself without outside help.

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