RE: Follow the trend28 Sep 2025 14:53
Chartism is about past and present trends it can be useful in determining support levels for any given phase.
It's not a glimpse into the future any more than the quatrains of Nostradamus.
Dips and rises only come about as part of a self-fulfilling prophecy,where enough traders buy into the notion and act in unison.
Bots have algorithms that do just that.
None of which has much to do with the actual value of a company.
I first came across Zak Mir in the early nineties when I began trading.
He was often on Bloomberg with his charts, wearing a suit that looked as if he slept in it and scurf ridden balding pate.
This was pre nternet when actually it was a lot easier to trade than now as there were fewer pi's and it was a lot more orderely.
He however was rarely correct
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