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Slojab

12/16/07 4:30 PM

#52337 RE: janice shell #52336

"BUT...in order for charting to be consistently useful, you need statistically significant data. Many people argue that since most penny stocks are thinly traded in terms of dollar volume, charting them isn't much help."

I'll drink to that. I can't tell you how many times the TA guys like dart and the like, who put up their charts for various boards, have been off the mark.

Leave charting for the bigger boards, imo.

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dragon52

12/16/07 6:21 PM

#52338 RE: janice shell #52336

janice...

as you said...

"Japanese candles were invented long before western charting systems. They were first used in the seventeenth century in connection with futures contracts. As with point and figure, candles are fairly easy to do by hand."

go figure... they had to keep charts or statistics to know the buy and sell prices of rice. regardless of whether it was painted or drawn, the fact that "candles" were invented in the 17th century should tell you it was a picture.

do you know you can have a one day chart as well?

from your answer... I guess you just don't know.