Hi Art,
I hope you are having a great weekend!
Please forgive me for the late reply. I've been trying to think of an intelligent reply, and intelligence isn't my strong point.
There are as many different ways to interpret a chart as there are people who look at them. What we see, largely depends on what we look for.
That being said, it's good to follow a few people for ideas. Be careful of following too many people and ideas at the same time. You could end up going so many different directions, that none of it makes sense. They all work at times, and they will also fail. There are no gurus, because there are too many variable happening at once. It's a micro and macro environment That's where a good trading SYSTEM will help. First and foremost, develop your own system to protect yourself. Each person has a different risk tolerance, no one size fits all.
In regards to charts. If I would recommend anything? It would be to study up on bullish and bearish patterns. They help in deciding the psychology and long term direction. Put a good mix of moving aves and watch how the pps relates to those. Some key moving aves are the 20, 50, 100, 200.
There is no holy grail or one size fits all. There are positions that give one a higher percentage for success.
Sorry about rambling. I'd just as soon post live charts. A picture is worth a thousand words. The live part keeps one honest. Too many gurus take screen shots. When I looked at the results in real time, they weren't always pretty. Volume is something else that helps keep a chart honest.
