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<p>[QUOTE="Clawcoins, post: 3261584, member: 77814"]Charts do not indicate why a movement of any type occurred.</p><p><br /></p><p>Thus, the comment "charts are useless" actually are pretty standard for economists such as myself. </p><p><br /></p><p>My investment prof made sure we understood why a market moved the way it did, why a companies stock went up/down/tanked/zoomed based on the overall economy, market condition, competition and companies quarterly reports, etc.</p><p><br /></p><p>Charts are pretty to look at. Just scribble all over it why it moved the way it did all along the way and then it could be useful for understanding trends and movements and using that knowledge for future movements.[/QUOTE]</p><p><br /></p>
[QUOTE="Clawcoins, post: 3261584, member: 77814"]Charts do not indicate why a movement of any type occurred. Thus, the comment "charts are useless" actually are pretty standard for economists such as myself. My investment prof made sure we understood why a market moved the way it did, why a companies stock went up/down/tanked/zoomed based on the overall economy, market condition, competition and companies quarterly reports, etc. Charts are pretty to look at. Just scribble all over it why it moved the way it did all along the way and then it could be useful for understanding trends and movements and using that knowledge for future movements.[/QUOTE]
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