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Re: sliderulex post# 23233

Monday, 03/14/2011 5:45:30 PM

Monday, March 14, 2011 5:45:30 PM

Post# of 143095
I completely disagree that charting has no bearing on pinks. Any real day trader or one who trades for a career like many I know still use charts for pinks. To say that charts or level 2, macd, rsi, etc does not tell you what flippers are doing is bogus. It absolutely does. It tells you the momentum of the stocka and when it slows down or is going the other way. I would like someone who is a successful trader who makes 20K plus a month to tell me that charts are useless for pinks. One who trades pinks. So for those of you who dont use charts how do you know when to buy if you dont know where the bottom is? I think some of you are just saying this stuff cuz you can trade without looking at the charts for SOMETHING and if you are using the chart for anything then the rest of your statement doesnt hold water.