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PraveenP

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PraveenP

Re: w0od post# 30

Friday, 11/19/2010 12:21:10 AM

Friday, November 19, 2010 12:21:10 AM

Post# of 289
It's possible that chart patterns could be reflecting changes in supply and demand.

But I think that trading from chart patterns is as much an art as a science, in that some people are better at picking them up. Chart patterns can be affected by so many things - such as time frame, scaling, etc.

People who trade successfully off charts may not be actually predicting what will happen, as much as seeing probabilities and managing the risks.

Praveen Puri
Author of "Stock Trading Riches"
The Stock Trading Riches System discussion board: http://investorshub.advfn.com/boards/board.aspx?board_id=19287

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