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Re: Matt_Chart post# 38111

Sunday, 07/24/2011 9:57:20 PM

Sunday, July 24, 2011 9:57:20 PM

Post# of 79474
Does that chart factor in emotions? I mean i'm new here (3-4 months) and I have yet to see anyone with a chart predict the course of this stock. I must have heard the word 'breakout' over 50 times ie.. 'when the mac line crosses over' cup formation with handle' etc.. and have yet to see it. An earlier post suggests human emotion plays a significant role in what a stock may or may not do. if true how can a chart forsee the direction the stock is going to take? example .. investor A walks in and decides hes going to buy $50,000 worth of shares. how could a chart know?
I don't get it.
does a chart really work on these small cap stocks?
TIA

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