Wednesday, July 26, 2006

Charts

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What really is a chart? It's simply a tool used to create a visual display of all human emotions interacting within a given financial market. At any given point in time that chart will represent all of the emotions/opinions of every single market participant.

The stock market now is climbing a wall of worry. The technicians who chart the market are getting a lot of attention because most investors/ traders have no idea what's going on....data shows slowing of growth and everyone wants to be or is bearish....but this is old news and probably discounted and could be a huge discount...only time will tell...but we are at major inflection points for the technical bulls and bears....this is why we are experiencing the violent short term swings....

Barkly seen here is a very visual animal....he reads body language and depends on his instincts which are usually pretty timely....