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S&P 500: 1,306.59 Change: -1.49%
1upChartist
P&P Score: 99.75   Points: 189.62   Accuracy: 79.76%   Average Pick Score: 0.82   Annual Return: 2.66% (3.90% since 12/2/10)  

1upChartist's Blog : Charts tell 90% of the market sentiments

Date December 22, 2010    Comments Comments (0)    Rate this post Recommend This Post (139)   
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Charts are a mirror of what the market participants are doing - buying / accumulating or distribution - meaning selling.

Stocks could be over bought or over sold

The valuation can be questionable at times.
To a chartist - it does not matter.

a great trader normally looks at the charts and fundamentals to make a vali buy sell trade.
Tags : CLI   MGA   MARKET DIRECTION  

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