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Some real hardcore retail Value investors will argue charts are not helpful and they don’t care about charts as holding the stock for long term makes charts irrelevant.
But to the rest of us charts are the best way to judge the emotions and psychology in the market as stock prices are primarily driven by investors' sentiment. Stock prices move because of what the Big Boys (Market Sharks) are currently feeling and thinking, and not just because of the fundamental numbers that have been released to the market.
The stock market is never a level playing field and will never be. Read more...