Unraveling The Mystery Of Stock Prices by Boris G. Zinchenko
ARTICLE SYNOPSIS ...Unraveling The Mystery Of Stock Prices by Boris G. Zinchenko
Here's a simple method you can apply to interpret financial charts. It uses classical statistics as well as a number of simple chart indicators, which may help you better understand classical charts from the viewpoint of random processes.
Every trader is familiar with stock charts. To most traders the chart is just a common tool, like a hammer is to the carpenter. The exception is the new trader reading charts for the first time or the advanced trader who begins to question the value of the charts he or she watches.