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Technical Analysis Trading Methods and Techniques (Collection) by Quint Tatro, Tracy L. Knudsen, Richard A. Dickson, Ed Carlson

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Chapter 7. Trend Lines

Once you understand that you can use charts as a graphical representation of human emotion, pattern recognition is the tool that will enable you to begin capitalizing on the opportunities that present themselves on a daily basis.

Charts are readily available for all to see and use. Interpreting and using these charts is a different matter altogether. To the untrained eye, a stock chart is like a book to an illiterate person. It doesn’t matter how big the words are printed or how basic the language. If the person has no comprehension or understanding of how to read, the book has no meaning. The information held within a single stock chart is so vast it is nearly impossible to unlock all the clues that a chart has to share ...

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