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Re: LG6 post# 17533

Monday, 06/04/2012 5:43:01 PM

Monday, June 04, 2012 5:43:01 PM

Post# of 92309
It looks like I mis-read Bays post, as it seems my eyes left out one very important word! I read that he was saying he thought charts cannot help you navigate, whereas in reality he stated otherwise. My apologizes to Bays if I was a little too sharp on the response.

I do agree that charts aren't the full picture, but, yes, "helping you navigate" is exactly what they're for. When you combine it with research into all the aspects of a company's business than they will be _much_ more useful. If you don't, you're at risk of encountering some severe and very unexpected moves that take things well outside the range of your predictions.

In the end, everything is connected... the charts, the fundies, all the positives and negatives, the future and the past, the news, the rumors.. and that's what makes this such a complicated game! Fortunately, when you take all that knowledge and put it together, there are times when you really can see some magic in the charts... even before the event fully unfolds.

It's just one more piece of the puzzle, and I never meant to imply that someone should use charts and nothing else.