[Evan]

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everything you could ever want to know about a stock is on one chart page.


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Uh... no.

eastbay

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You'd be surprised.

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I think I should explain what I meant. Technicians are copycats, they try to follow the movements of "people in the know". Despite insider trading laws there will always be a minority who are smarter or who have better connections, you can't pass a law against that.

It is the job of the technician to track these people and they're interpretation of the fundamentals. All of us have come across pieces of information about a stock that we believe are important signals of an upward move only to see the stock go down.

The technicians primary tool is the stock chart. When stocks are moving in a random fashion thre is no guiding star, no one you can trust. But when you see a breakout or the beginning of a trend you act on it, and it was someone with more knowledge than you caused that breakout.

All this information can be interpreted from a single chart page, the "little guy" will never have access to the interpretation of fundamentals and pricing decisions made by the financial community but trends cannot be hidden from the public.

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This is all very wrong and dangerous, most notably the parts I bolded.