Lies, damned lies and share price graphics http://www.theage.com.au/money/inve...and-share-price-graphics-20140821-106ksk.html " Charts may be truthful, but can you trust them? So how does a salesperson project certainty and make equities appear safe when we all know equities are risky? They fell 54.5 per cent in the global financial crisis for goodness sake. They are still down 18 per cent since 2007. How do you gloss over that, over the danger? ... Charts are a salesman's best friend and manipulating them is a well-worn industry practice designed to calm customers and move them back into the "comfort zone" from which they are far more likely to buy product. Above, top left, is the logarithmic chart of the All Ordinaries index since 1930; that should be far enough back. Do you see what I see? Yes, it's a perpetual bull market and standing this far back, on that scale, the 1987 crash has become an irrelevance and the global financial crisis a momentary inconvenience. In fact, if you can spot them at all, you could describe them as little more than "normal" corrections in a bull market. "
everyone has one very simple game: to take your money. if you drink the TA kool-aid, or listen to some guru who thinks he understands the tea leaves, you are already broke