"I can take your statement further and say Penny Stocks are not the way to make money, period. That would be true for the 95% who lose everything, but for the 5%, hmmmmm, I want to be one of those. I feel charts will help me better to navigate to that goal."
Well, this statement is false. My company has done an analysis on the OTC market for the last 10 years. There is one strategy that makes money 100% of the time -- and it's not charting. But I digress...
Anyway, believe what you want. Charting is not statistically reliable in the OTC space. You can say what you want -- but the numbers disagree.
"Charts are not the holy grail" If you approach charting this way, sure. A better analogy would be blackjack. You should play the odds.
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