Stock Chart Reading: A very quick tutorial

4 comments Written on July 12th, 2008 by
Categories: Uncategorized
So you first draw lines: (Source)

Then you add some cute little dots and some other squiggly stuff below. Write intelligent things next to them. (Source)

Then you step into stage two - where there aer lines, curves, little numbers from 1 to 5, the alphabets A to Z, and if possible lots of numbers written on the right hand side coloured in blue, red, green, black and yellow. Note carefully that the dots and lines will intersect all over the place and you must write the numbers and digits next to such intersections, not randomly suspended in space. (Source)

Then you can graduate to the absolute peak of chart analysis, where you even tilt your charts sideways and have multiple consecutive squigglys, arrows, coloured marks, numbers, digits, multiple curves intersecting each other and also the other lines, and notes on the side: (Source)

Beyond this you reach areas which I can only dream of, such as not just recognising patterns but patiently identifying a one-time sudden unexpected event otherwise called a black swan. (Source)

Notes:
1) This is a joke.
2) I would actually read more into (some of) the charts above. Except the last one.
3) This is not meant to berate technical analysis or any of the bloggers above. I think they do a commendable job.
4) But it was worth a little time on Saturday, no?

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About the Author: Deepak Shenoy
http://www.capitalmind.in
The man behind Capital Mind. Deepak has co-founded MarketVision, a financial knowledge startup. He has traded the Indian Markets for nearly a decade. Deepak lives in Gurgaon and fears using long words.

4 comments “Stock Chart Reading: A very quick tutorial”

>Totally worth it if you ask me! Hilarious!

>LOL, nice!

Check out example #3 and the accompanying Flash animation here:
http://www.upscale.utoronto.ca/PVB/Harrison/ErrorAnalysis/Motivation.html

[via: http://parseval.wordpress.com/2007/09/03/curve-fitting

>Ha!! If chart reading would be that simple I would go for it.

>I would suggest you take some specialized courses and focus on maximizing profits. There are several strategies to invest in stock market, but you have to choose the one that works for you.


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