Wednesday, August 11, 2010


Charts are designed to track the big boys.
There is a saying that if you don't like charts, you don't belong to Wall Street. A stock chart is a graphic design of the price movements of a stock. Charts never lie. The problem with charts is that they show you what has happened. They did not show you what will happen, only what is likely to happen.
It is not easy to be competent in chart reading. You need to have practice, practice and more practice.
There are many types of charts. Line charts, bar charts, and candlesticks are some of them. Actually, they all give you the some information.
Charts are like electricity. If you know how to use them, they serve you well. If you don't they may electrify you. So do be careful with charts.