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Re: [sharechat] Swing Chart


From: "nick" <helmett@xtra.co.nz>
Date: Sun, 27 May 2001 09:37:07 +1200



       This is what
         This is the part i have trouble getting my head around.
On the one hand you seemed to be saying that the Frucor
chart indicated when to exit the stock. Therefore it must
have been pointing towards future weakness.  On the other hand
you say that charts cant predict the future. This appears to be
a contradiction.
               What you say below for example seems to point to
the chart only showing what is happening after the event.
 
 nick
 

What hint was there that the stock was going to resume its upward trend? None whatsoever. In fact, only the price movement of the following day revealed it as a swing Low. We are merely following the price action, and interpreting it using simple, predefined rules.
Phaedrus.

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