Bird, Charts are not the holy grail, nothing is. However, if Im playing poker and can figure the odds of my hand winning, I have a greater chance of winning long term by simply folding crap hands and hedging bets.
Charts do more than measure price action and quantify it in different time spans and dissect it with a myriad of indicators. Charts can help measure psychology and give guidance as far as telling one where the best odds for winning are.
I can take your statement further and say Penny Stocks are not the way to make money, period. That would be true for the 95% who lose everything, but for the 5%, hmmmmm, I want to be one of those. I feel charts will help me better to navigate to that goal.
