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That’s maybe one key reason why most folks come quickly unstuck in this business. We don’t pay any attention to what other folks are saying or levels they’re calling. All we need is there right in front of us on the technical charts & in the quality newswire missives. We definitely ignore all the talking heads & analyst predictions.
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I would have to agree with this, im a junior equity analyst and one thing ive noticed is that analysts
must have something to say, when pressed for an answer you cant just say 'im sorry i dont know the answer to that'. So definitely take analysts predictions with a pinch of salt. I would say follow your on analysis first before looking up on anyone else's and trade what you see. I no longer try and predict where the market is going, i just sit and wait till i get a decent entry at a level that lines up with
my analysis
George