Charts are the stock market equivalent of Astrology - you can see in them what you want to see - interpret them anyway you like - there are 101 'technical indicators' - I hate using the word technical as it gives this nonsense pseudo legitimacy by using that word. Anyways you can pick and choose whichever indicator or timescale you want to prove your point. Charts are however exceptionally good at forecasting the past ;-) I will acknowledge that.
Been in markets over 30 years - never met a rich chartist - correction I have met a rich one once - he made his money from selling charting books and software.
NUH - Charts, page-2384
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