chartists are share psychics nothin more!!, page-8

I agree a chart is a tool most stock brokers use the technical charts to help decide where to buy next.

But they use those tools for blue chip companies and they wouldnt dare go near penny dreadfuls and they have told me so. I went to a financial ball a while back and discussed PEN with some stock brokers and they told me get out while you still can otherwise you will lose everything.

They gave judgement on a share they had no idea about apart from it was a penny dreadful.

So my opinion is very much a chart cannot predict world affairs or a company announcement which are the "MAIN" SP factors with SP rise not if its an elliot wave or a hammer a chart can merely show buyers and sellers and the trends in buyers movements that is all!

This is my narrow minded opinion but my style is based on pending announcements, research and management and PEN always has ticked all the boxes so I bought in.

Sorry chartists :)