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Another StockCharts TV show has ended.

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Comments

  • lmkwinlmkwin ✭✭
    I can provide no proof that you are wrong. Maybe someone else, who is enjoying the new MarketCarpet or RRG, will chime in to provide some insights. I didn't get much from the StockCharts.com Expert Karl Montevirgen's use of the highly useful MarketCarpets tool, other than to look for things near the middle of the Bollinger Bands, i.e. the 20 day Simple Moving Average line.
  • markdmarkd mod
    Well, you could argue that indicators don't tell you anything that is not already there to see on the chart.

    But, they do make it easier to see.

    So it is with RRG and MarketCarpet. They are different ways of visualizing the market. Yes, the information they present is already available, but, depending on your cognitive style, I suppose, they make it much faster and easier to summarize and process. It probably helps to know ahead of time what your are looking for. If you know, you can find it pretty quickly if it's there. And if it's not, that's pretty easy to see, too.
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