CMG Holdings Group Inc (CMGO)

[User-65225]

Charts are not useless. Tell that the biggest and most successful fund managers, who use them every day. lol

This stock has had many nice swings, which were predicted by the chart, BEFORE they happened. Just because the monster breakout has not occurred, which the chart has failed to tell us, does not mean the charts have not predicted multiple minor swing. I have called multiple short term bottom on this chart, using the chart, per my posts.

When volume is low, charts are less reliable, but regardless they still serve multiple purposes for the savvy trader... Charts are not supposed to give GUARANTEES, only probability/odds. They work better than GUESSING and getting stuck in a stock for many years.

If one does not see the value in charts and/or does not know what to look for, thats fine, but that means little to those of us that have been trading the markets successfully for DECADES, using charts. Without a chart i could never nail bottoms/reversals. A quote dont tell you anything about the price history and how it TRENDS

I prefer learning these things instead of complaining. Its a better use of time: https://school.stockcharts.com/doku.php?id=chart_school