LNG Chart, page-258

Ckleinnba

I will say it again for the 10th time. Charts do not predict future SP. It may show possibilities but it will never say $xx price on the 11th Feb/11th May. Same as FA can not do it.

I was thinking the other day, charts have a far greater chance of saying where an SP may fall to (support) and a good chance of where it might hit resistance. Now to say that doesn't mean it will always bounce off support or fall back from resistance. It may fall through several support areas.

On the other hand when the SP goes through the top resistance then no one has a clue how high it will go. Too many market forces can come into play when that happens.

Charting is using tools to find an entry and exit. When people click onto that, then they have some idea of what it is about. Hope that helps. Cheers.