JAG is 9% off of the buy point on the chart. But TA is a bunch of hocus pocus, now isn't it?
I am not in favor of the ethic that says everything is a trade; soulless, heartless and grounded in nothing. I am also not in favor of the ethic that seeks to marry its convictions, ultimately finds destruction, and then becomes ever more insane as it blames the world for all of its missteps.
Technical analysis - at least the version that I have refined 'in house' over the years - works. Case closed. But TA needs to be used along with a soul or a moral compass. If you can get the two dynamics working well together, you win. At least insofar as winning can be defined as something worthwhile within this paper casino.
