CNBC & Bloomberg made charts credible

T

Tradesman

Think about this...If you were watching CNBC or Bloomberg and they didn't have charts to toss up and talk about how would they fill all that air time. The commentators on CNBC could take an Ink Blot and explain why it formed whatever it formed with as much confidence as Anna Nicole has in her "puppys". They're both displayed on TV but I'm not sure anybody really wants to see them all the time and they certainly aren't perfect.

Having said that, I'm pretty sure that the prime wit of this fine website will not be able to resist taking shots at Anna Nicoles boobs :).

The point I am trying to make is that placing too much emphisis on charts have sent many a daytrader to the poor house and CNBC's not helping them by placing so much importance on them.
 
Originally posted by stock777
Not to mention that CNBC's charts suck.
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They have a heavy white line at the hard right edge that obscures the most-recent data, especially on gap downs you can't even see the damn price.
 
Originally posted by Tradesman

The point I am trying to make is that placing too much emphisis on charts have sent many a daytrader to the poor house and CNBC's not helping them by placing so much importance on them.
More...

If your trading is influenced by the charts you see on cnbc, you'll make it to the poor house on your own.
 
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