Читать книгу Encyclopedia of Chart Patterns - Thomas N. Bulkowski - Страница 17

If you picture in your mind the price action of JCB Superstores, you may recognize three chart patterns: a double bottom, a double top, and a dead‐cat bounce. To knowledgeable investors, chart patterns are not squiggles on a price chart; they are the footprints left by the smart money. The footprints are all they need to follow as they line their pockets with greater and greater riches.

To others, such as Tom, it takes hard work and pavement pounding before they dare take a position in a stock. They are the ones making the footprints. They are the smart money that is setting the rules of the game—a game anyone can play. It is called investing.

Whether you choose to use technical analysis or fundamental analysis in your trading decisions, it pays to know what the market is thinking. It pays to look for the footprints. Those footprints may well steer you away from a cliff and get you out of a stock just in time. The feet that make those footprints are the same ones that will kick you in the pants, waking you up to a promising investment opportunity.

This book gives you the tools to spot the footprints, where they predict the stock is heading, how far it will travel, and how reliable the trail really is. The tools will not make you rich; tools rarely do. But they are instruments to greater wealth. Use them wisely.