LOL... "chart looks good" means "buy recommendation"? wow... I also love how you so conveniently left off the first 2 words of the statement, "No Idea". That was supposed to set up the context for the remaining statement... but nevermind. This isn't English class.
I think a sports car looks good too, doesn't mean I should just go buy it does it? Maybe I should do a bit more analysis on the financial situation before buying?
You are the reason charts get a bad name. You make it way too black and white. In your mind, "chart looks good" = "buy recommendation". It isn't that black and white.
In my mind, "chart looks good" = it has potential, but you need to do other pieces of analysis.
Look, I realize I won't convince you of anything, but for anyone who is following this discussion that wants to know how I personally "use" charts, watch this free video: http://claytrader.com/videos/trade-see-not-think/
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