The only way to read a stock price chart

By Graham Witcomb, Intelligent Investor
Updated April 15 2017 - 9:48am, first published March 27 2017 - 2:31pm

Psychologists call it apophenia: the human tendency to see patterns in random data. We see lucky sequences in lottery results, religious figures in toast, and fate conspiring against us when it rains before a job interview. We also see patterns in the historical movements of share prices.

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