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<p>[QUOTE=&quot;medoraman, post: 1258204, member: 26302&quot;]I disagree sir. All of the news and expectiations are priced into markets and trends. Any information that is greatly different than expectations do have the power to set new trends. Look back at major changes in the past in the stock market, and if you look deeper into them you will find where new information, either good or bad, created a break in the trend either to the up or down. </p><p><br /></p><p>To say that new information cannot change a trend, well then what sets the trend? It is not autopilot. What exactly do you see as setting a trend in any market?</p><p><br /></p><p>There is a distinct danger in looking at graphs. A graph will never tell you when some new information will hit a market and change all of your carefully planned trends, market high and low resistances, etc etc etc. There may be some value in looking at such things absent major events, (I know Cloud believes in chart analysis more than I), but be very aware nothing in your chart will ever warn you to changes in the market. Be honest, did looking at your chart last November predict the spike to $49? Did it then predict the flash crash? </p><p><br /></p><p>Chris</p><p><br /></p><p>P.S. I am simply predicting that some day, whenever it is, there will be either 5 pieces of good news, or 5 pieces of bad news, all in the same day. I don&#039;t care what anyone&#039;s chart says, the market will react strongly in either direction to that new information. It always does. Lets pretend that the Treasury announces that no one showed up to by at their latest auction, and therefor they will not have the money to pay SS and other US payments. Do you think any chart will predict that spike?[/QUOTE]</p><p><br /></p>

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