Never been a big fan of charting, tend to only follow trends, moreso than cups,saucers, heads, shoulders, amphibious landing craft....sorry, I know bad joke. In saying that though, I have come to appreciate certain aspects of it(but mainly the "trend is your friend" is about as far as I go looking at charts).
Imo history is a chartists biggest weapon.
I once described a anology of what I thought of charting. It went like this, imagine driving down a windy road, and the windscreen was completely black and the only way you can guess which direction to go forward was by looking in your re-vision mirror. Thats the simplistic view.
Personally for me, fundamentals is everything as I am a medium to long term investor, and Imo usually in the long run fundamentals wins out if you read them right.(Not as easy as it sounds)
I guess in one sense you could apply that same analogy I used to the fundamental analysis as well, your still guessing, but the big difference between the two Imo is that fundamental analysis picks up if a company is actually growing and progressing forward in its projects.
And we all know the answer to that!!
NK
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