I agree, strike101. They are a valuable tool. I'm not a chart anti-vaxer, I just limit my expectations of them to show what's happened in the past, not to give guidance for the future.
Like all tools, there's the right one for the job or, often, a combination. My eye-rolling only starts when people think charts are like the Oracle of Delphi. Some investors prefer to focus on charts for their decisions, some on fundamentals, some on recent market sentiment, some on gut feeling. I'm a fundamentals guy, but I don't exclude that other things can be useful too.
Chart, page-362
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