"He said that every week he drives home from the show in his new merc and the chartist drives home in his 10 year old beaten up mazda 323."
The merc driver lives in Newcastle with an old hag, and mazda man lives in Bondi with a supermodel. Give me the mazda anyday!
One could also argue that the mazda 323 will cost stuff all to maintain and run, where as the merc will cost you $1,000 for every service and lose masses in depreciation. The mazda is a prudent investment!
I actually prefer fundermentals over charts, but charts have there place, especially if loads of people are all following the same triggers. Some chartists posted on here at 2.7c and 2.8c just before the sp spiked. I'm sure a good trader would have been out at 3c on the pull back (so that's around 10% profit. Not bad for a few hours work.
But I'm in for the longer haul.
cheers
speeding tickets, page-26
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