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Trend Charting RSS Feed

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Created
01/15/06
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Simple charting Charting can be quite simple, all too often traders try to complicate what has to be simple to be effective. Too much attention is paid to indicators. Indicators that can only tell what is already known from observing price history. The simplest and IMO the best way to read charts is by trend lines. Trend lines are drawn from spike to spike on a stock's price history. As can be see by this chart above that if adhered to, simple trend lines, can be quite profitable. Now it is true, one might very well miss an absolute bottom entry or an absolute top exit, but be honest... Who among us ever truly gets either? Other things that should be noted is just how often the spikes along a stock's price history conform to a perfectly straight line. It is uncanny.
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