Nexus Energy Services Inc (IBGR)

[dmlabuda]

Are charts unreliable and risky? No! Absolutely not. Charts reflect the truth about the price and volume activity relevant to that stock. However, the charts are subject to interpretation and so any given analyst's opinion of a chart is only going to be as accurate and his or her education, experience and intuition allow. But then so is the news. No one investor perceives the news quite the same way either. A great deal depends upon what else they know relative to the news regarding that stock. Good news in not always perceived as good news and vice versa. If you have a solid background in technical analysis and have done extensive back testing on the stocks you are trading then, your chart analysis of the stocks you trade is most likely very accurate. But, you can almost never say that about the news because you don't know what has been left out. You don't know what has been inflated to build investor confidence either. That's why I trust the charts to get it right and I totally ignore the news.