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Re: Arnold25764 post# 6450

Tuesday, 11/25/2008 1:20:44 PM

Tuesday, November 25, 2008 1:20:44 PM

Post# of 10842
Chart reading is helpful, but don't put your full trust in them. If Charts were foolproof there wouldn't be bodies of broken traders all over the street.

The issue with charts needs to be tied to some psycology. Charts can give you indicators. You should try to tie those indicators to what EVERYONE else sees in that chart. If they see buy then you are good but if they see sell you better hit the door fast.

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