wooshka, page-20

Charting is an analytic tool, its not a crystal ball. Inoted the intermediate top in the USD a few days back, based on charts did I not?

I also noted on the daytrading forum yesterday that after Lihir was sold down to $2.96 that all of a sudden every offer that hit the market was snapped up and LGL closed at $3.09 and suggested a move in gold might be very close.

Its pretty average form to knock TA SP and Zugs. It is simply a visual representation of price action which itself is us acting in the market. As human nature repeats, so do certain patterns and actions. Its no crystal ball, but can certainly offer an edge in the markets.

Both TA and FA are very useful tools to interperet market action. To either one off is quite ignorant.