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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: Richard Saunders who wrote (35013)7/16/2012 7:53:24 AM
From: chartseer  Read Replies (2) | Respond to of 222595
 
charting isn't a science and charts aren't perfect. The theory behind charting is that charts are suppose to reflect what the people in the know are doing. Then there are others who don't put any stock in charting at all. A Random Walk Down Wall Street. I have been looking at charts for many years and know that some stocks charts work better than other stocks. I really respect them for market trends. Up intil a few weeks ago I was sure they were signalling a new bear market. Now I think? I suspect they are saying that bear market has been postponed a while. A short while? A long While? No too sure at the moment.

Some people are saying the charts are now predicting a Romney win come November. I just don't know but keep watching the charts until I get another clue as to what is happening. If only it was this easy? That easy? Easy? It is not because there are too many distractions and the FED. Don't fight the fed regardless of what the charts say.



To: Richard Saunders who wrote (35013)7/16/2012 3:45:08 PM
From: chartseer  Respond to of 222595
 
Charts are not that good at predicting price moves. They are more for getting a life pulse of an issue. I got hooked in the early days when the great bull market started. Almost every break out worked because almost every issue rose. Almost every stock I bought rose and I believed it was because of the buy signal. I was convinced the game was easy. It isn't any more but maybe again.