NaughtyNifty,
1. Charts predict crash many times, most of them do not happen as expected though.... :lol::lol::lol:
2. Re. studying the chart, it is like toss of a coin... Analysis of past (of what has happened is probability and not a certainity) hence day traders, swing traders, fundamental analyst change positions within the day, week or months... Alex Gartman a famous commodity trader made a famous prediction, risking his reputation on the line. He said '“In my lifetime, we will not see $40 crude oil again for longer than a week" This was just a few month back. Crude has already crossed and closed above US$ 40. So the second point is just because some guru has a opinion on something, it does not become a reality.....
3. And about your quote 'Study your chart, it will tell you when such crash will/may occur, if there is one' Seems you need to have more confidence in your charts as after reading the original post you requested of the poster 'Do not try to create panic among traders community'
Take care and have a great weekend. :thumb:
Study your chart, it will tell you when such crash will/may occur, if there is one.