Replies to post #72739 on ajtj99's Market Pulse

[Newly2b]

Randy, one caution I should mention.

You said in your first msg to me, "It seems to me that chart reading is very objective." There are rules that make reading charts objective, but IMO it is subjective, too, and therein lies the difficulty. One needs to approach the charts with an open mind and see what is there, and be sure one is not 'forcing the fit', which is easy to do, and which will not lead to the desired outcome.

While there is much variation in the appearance of any one chart formation, each must conform to certain rules that dictate what is valid and what is not. Ignoring, bending, or playing fast-and-loose with these rules is a mistake that leads to false expectations with unacceptable results.

Newly