Continuing to drop, now down 39. Trivial--but fisky, I'm sure this has to be part of a recognizable pattern. Or maybe not. I'm sure you're on it.
Sorry, but of all the people I know, not one has personally gotten ahead using technical analysis. These boutique investment advisors and asset managers, you know how they increase their AUM? The new trend is to find suckers with family money but no real job, and give them a "job" in exchange for putting their assets with the business. In due time they become asset managers, mutual fund salesmen, and whatever other "licensed" activity they can do with little to no knowledge, expertise, or training, whereupon they assume (negotiate the purchase of) a better position in the organization. It's like the Amway of investment, they then try to attract and convince others with family money and no job.
And upon what is based their asset management philosophy? Why, Technical Analysis, of course! It allows every sort of obfuscation, back-pedaling, double-talk, non-commitment, pseudo-quasi speech that is possible in human discourse. Perfect! As the old saying goes, if you can't dazzle them with brilliance, baffle them with bullshlt.
The smart families, where somebody other than the bum son actually controls the money, often tempts these boutique firms, just to get their bum sons some experience and accreditation. Then when they have gotten it and can understand (maybe) a financial statement, and after the boutique firm lets them go because they realize they are never getting any of the family money, the bum son might be in a better place to understand what the actual family asset managers are doing.
I see this all the time, it is a well-known game among the well-heeled with bum sons. And it invariably involves "technical analysis".