UPDATE: Both TechCrunch & Mashable have articles on Chart.ly HERE and HERE
Tune into LiveStock 1-2PM EST today HERE and watch me unveil Chart.ly to the world!
Forget about good stock picks, forget about good market commentary–whatever the hell that means these days/ever–forget about branding, cutting through industry BS, testimonialed-to-death instructional DVDs, premium newsletters, forget it all…for a second…the reason I became infatuated with stock trading back in 1999 was thanks to my fascination with stock charts…
Because no matter what’s going on in the markets, no matter who says what or what company does well or not well, stock charts tell stories.
After all, the vast majority of PRs lie and mislead, ANALysts suck and well….suck, fund managers underperform, mislead, suck and market, financial commentators probly don’t even mean to mislead, they’re either really that dumb or they just don’t care…etc…etc…charts and price action never lie, they take all the hype, manipulation, valuation questions, big buy/sell orders, small buy/sell orders, media hype, message board chatter, rumors, PRs–they are the end result of all the variables out there and create distinct prices and patterns from which it’s possible to analyze and predict future movements, sometimes with relative ease.
In short, charts and chart patterns are what Wall Street boils down to.
It’s sad that the vast majority of people out there still believe chart reading, aka technical analysis, is “voo doo”, too difficult to learn, not worth their time or just plain doesn’t matter as long as they invest in solid companies (suck on 2008 you ignorant bastards!)
It’s time charts and chart patterns get the respect they deserve.
And today, it’s my great honor and privilege to announce Chart.ly, a revolutionary website that simply allows people to share stock charts on Twitter.
While that description and its initial appearance may sound rather overly-simple/cute, its potential is almost limitless….especially in anti-innovation world of financial content and the ugly/weird cult of traders and technical analysts…and in the coming weeks, you’ll see exactly what I mean as we have stuff we’re working on that will blow your minds.
And when I say we, I mean the seemingly getting-better-by-the-day designer/business partner of mine Adarsh Pallian and the wonderful team at StockTwits–Howard, Phil & Soren–who have already begun putting a big ass dent in the dark ages of financial commentary.
Twitter (follow me already!) has opened up a whole new world of information that’s beautifully searchable in real-time and it’s my hope that Chart.ly will help demystify the world of chart patterns and technical analysis, which until now has been held back by the powers that be, in order to help everyone attain greater market knowledge and profits.
In short, I am extremely proud to be a part of this breakthrough product, Chart.ly.
Prepare to become addicted.
Tags: Breakouts, Cool Products
