“The ticker tape is simply a record of human nature passing in review. The record gives the opinions and hopes of the people.”
—Humphrey Bancroft Neill, 1931
If reading the individual price and volume bars resembles reading individual letters forming words, and if reading the trend is like reading words forming sentences, then reading market patterns is like reading the narrative.
An action movie consists of a hero, often a male, who is suddenly faced with an unforeseen problem. This causes a person or group of people closely tied to our hero to be hurt, captured, or killed. This is the low. In response, our hero stages a series of avenging acts in attempts to undo this great injustice. This ...