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<p>[QUOTE=&quot;medoraman, post: 1334503, member: 26302&quot;]My view of technical charts is:</p><p><br /></p><p>1. They are useful because other people use them. Its a self fulfilling prophecy effectively. </p><p><br /></p><p>2. They are useful for short term trade decisions absent major news. If something like an outright default on Spanish debt, or a major shock to US debt coverage, happened, no technical trading can help with that. </p><p><br /></p><p>Overall, I like to plan where I want to be 10 years down the line, and if by using technical trading I can get there cheaper I will. I simply refuse to use technical trading for any predictive value long term, but some do, and I think its a very dangerous game.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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