G'day Don't concern yourself with belief or otherwise in charts. Charts are a visual representation of the entire sum of thoughts, knowledge, fear, greed, insiders, newbie enthusiasm panic, exuberance and every other factor that makes someone buy or sell. It's a matter of deciding if you are going to listen to the market, benefit from its over reactions, see it's trends and trend changes, save yourself from major losses when the market turns. Or you can hide in a bunch of stories for comfort blanket. Next, why do you want to know what the market thinks. Do you want to be a long term investor, position trader, momentum trader, day trader? Most will look at weekly, daily and hourly charts to get a handle on the current state of play, support and resistance levels and most importantly stop loss levels. hourly to 15 minute charts for speccies and 1 min charts for intraday trades on large caps. tick (move)charts great for all of them Don't "believe" anything in the market, just have rules and don't break them. cheers Rod
