By the end of this chapter, you should be familiar with
The advantages of presenting price information in a picture, or chart, format
The construction of line charts
The construction of bar charts
The construction of candlestick charts
The construction of point–and–figure charts
The differences between arithmetic and logarithmic scales
“A chart is like a cat’s whiskers. A cat’s whiskers tell the cat which way the mouse will turn and thus which way to pounce. The mouse doesn’t think about which way it will turn, but the cat must anticipate that direction. Likewise, the market doesn’t know which way it will turn, but the speculator must anticipate that turn regardless. He uses a chart as ...