Chart thread, page-135

Can you please tell me why there are so many criss-crossing lines on these charts? To me, they are just mental clutter, and I don't see any real predictive value in them, but always happy to learn something new!

From my 10+ years of trading, I've found that charts with lots of indicators and lines etc usually have little, if any, predictive power. IMHO, the best charts have one or two MAs, with a momentum indicator below, and perhaps the PSAR overlaid on the price action. Bollinger bands can also be useful for spotting likely mean reversion plays. Other than that, most charts and indicators aren't really worth the effort....