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<p>[QUOTE=&quot;Cloudsweeper99, post: 1168243, member: 3011&quot;]You refer to the technique of technical analysis, which is only one approach to investing.&nbsp; And in a sense you are correct.&nbsp; Whenever you read a post here or elsewhere that talks about the chart indicating some particular future price level [up or down], you can be certain that the writer has no understanding of the subject.&nbsp; Charts will never tell you where the price will be in the future.&nbsp; All technical analysis is designed to do is tell you whether some action is warranted right now because the probability of gain looks hgher than the probability of loss.&nbsp; That is all it does.&nbsp; When people start believing the charts are talking to them about the future, they have moved into the realm of astrology.&nbsp; Please note that this isn&#039;t meant to disparage astrology in any way.&nbsp; There are a few investors around with excellent track records by applying astrology to the market.&nbsp; Go figure.</p><p><br /></p><p>The only way to get comfortable with the market is to study and start investing, at least on a small scale.&nbsp; It&#039;s like driving a car.&nbsp; No matter how much you read, there is a limit to how good you will be without getting behind the wheel.[/QUOTE]</p><p><br /></p>

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