CCC 0.00% 0.1¢ continental coal limited

anyone who says charts mean nothing needs to have a good think...

  1. 3,312 Posts.
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    anyone who says charts mean nothing needs to have a good think about it.

    Charts show the historical movement of money for a stock.

    Using the charts as a predictor for future share price can be very effective but it is definitely an 'art form'. The volume, price, buy side/sell side, general market sentiment etc. etc. all play their own little part on the short term movement of price and as such you can never be 100% right.

    What you will find is that the good chartist mitigate risk by going into enough trades often enough that all they need to do is beat 50% and they'll end up in front of where they started.

    If you think charts will tell you where CCC will be in 3 weeks time you are kidding yourself.

    If you analyse charts well and buy and sell accordingly chances are you will beat dart throwing to select entries exits.

    I personally use fundamentals as i find it more enjoyable but respect what a chartist does and what it means.

    Oh and I think some one is trying to bait me putting that mill sell order at .031 on the oppies lol!

    Not yet septa not yet!!! Let them come to you!
 
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