starting to thaw a little , page-21

There are people who understand charts and the pro's and con's then are people who don't get it and only see the con's.

The primary use of charts is to assist with minimizing risk, always keep that in mind when looking at them.

As you approach resistance on a chart you'll be thinking, the risk of entering at this point is getting higher or that the chances of a good exit are getting higher.

You never should be thinking, the price wont go above the resistance because it is too strong or I better sell out now because that resistance is too strong.

By keeping your frame of mind risk based, you be looking at the charts and other information and moving that risk potential higher & lower. Indicators such as volume and other information such as expected announcements will be factored in a more meaningful way then simply looking at the charts as a black and white tool.