RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Dividends Never Make up the LossesYou are right! Charts are a rearview mirror but so much of trading these days is done by either automatic algos or money managers and traders using software that is based on the charts giving buy and sell signals that they can be and often are a predictor of future trends. You do not have to believe it or trade based on it but try using a chart to predict what happens and see if it does not pan out.
I also believe as robert41 stated that charts cannot predict commodity price fluctuations but these just become share price fluctuations within the boundries set by the trend lines. If the commidity price is high the share price trends to the upper levels especially if buoyed by an upcoming and anticipated ER or ex-div date.
What I believe they cannot anticipate is as robert41 stated the acquisitions; especially large ones like the Resol (tuck-in) LOL. Which is why I believe Houba's trend lines will move higher in the future based on increased production and revenue once reported and digested by the MMs and algos as the fundamantals have changed; a lot.
Again I miss Yasch and his indepth analysis of the fundamentals and the discussion and analysis of them that it fostered here on this board.
GLTA
malx1 wrote: houbahop wrote: Fundamentals are factored in the price of what is under analysis.
The price of PEY is supposed to include all the information available in the market.
A chart sees alot of stuff, much more than one individual sees when doing fundamental analysis.
Lol
Charts are nothing more than rear-view mirror.
Tells you nothing about where you're going.
You guys are too far down the vole hole.