week chart, page-5

I have no idea why chartists put so much weight on graphs.

In my simple minded way, I see company fortunes being driven by some of the following:

Global commodity supply and global commodity demand.

Global and regional stock holdings available for usage

Global sharemarket movements

Country sharemarket movements

Investments made by fund holders, market manipulators, etc, etc

Quality of company management, and level of trust placed in them by investors (and more importantly fund managers)

Seasonal factors

Dividends

Company forecasts & the quality of them

Market sentiment.

What charting has to do with these, I don't know.

Seems to me that obsessing about a graph leaves one blind to many other macro factors.