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jabberstox

08/11/06 10:33 AM

#2823 RE: Dr Bill #2820

you need to do more studing doctor......there is so much info that it doesnt take much effort to find it....why do you think every institution uses charts....there is a reason for it...as you can see just from this board so many people follow charts and that is why resistance levels and support levels get peoples attentions....because there is something to them....people put sells right below a support level just in case it fails....that is why when it fails lots of volume comes in....and visa versa.....when a resistance level is broken people are there to buy with there orders already in...that is why volume increases when it happens....that is just a few examples....there is way more than ample info...find it for yourself!!!!!and good luck

Yoda0629

08/11/06 11:17 AM

#2835 RE: Dr Bill #2820

Hence the reason u dont make much money.

Charting is not always correct because it is based on what people think and humans are unpredictable but charting does give u an idea of where things are headed up or down. It is massives sociology at its best.

Not sure how you can say it doesnt predict things when everyone uses it. There is a great saying I love, " 10 million chinamen cant be all wrong " Fact is, if it didnt work why would everyone do it ? and pay for the charts none the less

midas716

08/11/06 6:10 PM

#2865 RE: Dr Bill #2820

have to disagree bill, if you follow a stock looking at the chart long enough you develope a feel for the stock, they way it trades, the volume fluctuations, little bumps before a spike, trends, etc. etc, i really suggest that you go to stockcharts and read up on their stock school stuff, you would be a much better investor for it