HR,
Charts DO work. generally speaking.
They are more reliable, though, in larger liquid outfits.
Put simply:
# Smart Money shape the chart & give important signals.
# Chartists take a short cut & read the message SM is giving....In other words they trade in the shadow of Smart Money.....Much less time consuming & rather detached.....But highly effective.
The Holy Grail is to command good skills in in both
SMA Price at posting:
4.5¢ Sentiment: None Disclosure: Held
