Hindsight? Yes it is easy to judge from hindsight. But if you would trace my comments on this thread, you would noticed I made a call early while the head and shoulder pattern was forming. Some people abused me for it. I took it in my stride. But I was proven right.
I made another call again as it approached a crucial level. I said if it broke below that level by Friday we would see further drifts downwards. I was partially right - it went to that level but did not break it. It also did not finish much higher which I hoped it would. The next week it went lower.
There are no certainties in charting but it gives a good indication of how things might set up. It is a methodology that is more tenuous than fundamental analysis and hoping.
I have contributed. I could copy and paste links to positive news from articles but that is just plain lazy. Any pumper could do that. I chose to tell it like it is.
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