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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Tom Swift who wrote (279929)3/12/2004 1:36:24 PM
From: Michael Watkins  Read Replies (1) of 436258
 
LOL Tom I am a technical analyst and trader so clearly I'm not suggesting this stuff doesn't work, but I eschew the overly complicated stuff. Pain is not difficult to measure and a simple horizontal line is the most effective tool.

Charts work because people look at them. It is a self-fulfilling prophesy

I'd take your self-fulfilling prophecy a step further and say that Price is as fundamental as any other bit of fundamental data. People look at price all the time, on a chart or not.
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