Glancing at the charts tonight, I think they are all a joke

BigE

This "chartology" business is nothing but skewing the data to prove a point of view. Its simply a matter of whether the researcher is a bull or a bear. The charts mean nothing, except where we have been. What do you think?---------------BigE

derryb

Knowing where you have been is sometimes helpful in figuring out where you are going.

RedTiger

Sorry, I don't have time to debate hypotheticals.

I'm too busy making money reading the charts

jmski52

I think that money management skills are very important, and so are market fundamentals. Some people can track money flows with charts, I cannot. As Bob Dylan once wrote, "don't need a weatherman to know which way the wind blows..."

roadrunner

Dollar chart has been forming a triangular consolidation since Dec 6th. Should make at least a $1 move commencing tomorrow. The current direction of the chart says it favors the upside since the dollar has been moving up for weeks. We'll see if the chart was lying to us. I'm not a bull nor bear on the dollar. Just looking at it for clues as to where PM's might go.

Edit for Monday am: called that direction wrong. And in comparing volume and momentum indicators I think I overlooked the strength of this 10 day downtrend vs. the 1 month uptrend. Others probably would have called that differently....and correctly.

roadrunner