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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