|Moderated By: Patrick Hartmann -- (Not Moderated) -- Started: 12/18/1996 7:21:00 PM Revision History|
Postings in this forum are strictly for those who have read charts SUCCESSFULLY for a minimum of 6 months!!
I initially turned to Chart Reading because it is like having inside information into the direction of stock movement. As we all know, stocks have a tendency to move in certain directions for a period of time and then move in the opposite direction for a period of time.
Successful Chart readers are able to know almost precisely when those changes happen. They also can tell the precise time when the stock is ready to explode up. Telltale signs are volume jumps, new 52-week highs, crossing the Short-term and Medium-term moving averages
reaching the top of the "tea-cup" and other methods that have proven quite reliable.
Why not look at fundamentals? I stopped doing that after a stock I owned with a PE ratio of 3 went to zero. In the long run fundamentals can possibly show positive results, but the whole SECRET to why stocks move in one direction or another, is investor sentiment. Investor sentiment is easily tracked by only one method out there, and that is Charting.
If you are a "Charter", then you are probably shaking your head right now, because you have probably made unbelievable profits once you learned the proper method of chart reading...well keep reading.
Why do I need you???? As Charters know, it is physically impossible to pull up graphs of every chart every day to see precisely what point they are in movement. With a group of Charters tipping each other off to high quality, ready to explode charts, we can cover a lot more ground.
What benefit is it to those who participate in this forum??? If successful charters contribute (and I will know because I will be able to review the charts) then we can all make money together. And it is important to buy the stock/option before you tip off the rest of the forum to a hot chart so that you wont be left out in the cold after we review your tip and buy.
Thank you in advance for participating in this forum. Together we can make fantastic profits off one of the oldest methods in stock analysis!!
P.S. For skeptics who are reading this who don't understand or believe in stock charting, take a look at the weekly graph of your favorite stock and see if the following "rule" of charting has "marked" your stock: Measure the point a stock begins a dramatic move upwards to its peak. Now measure the distance down to its valley later on...the first distance should equal approximately half of the later. Good Luck to All....Patrick (P.S.S. of course I will be adding my picks along the way)
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