Much Ado About a 3% Rally
As longtime readers know, each night after the market closes, I put a pencil to the paper and plot a pile of stock charts. On each, I plot the high, the low, the close and the volume. Before you scoff and call me a dinosaur (I am, but that's beside the point), let me explain.
When I first got into the business, a personal computer was not found on every desk. Heck, fax machines were new technology! So we plotted our charts by hand. In the mid-1990s, I tried to give this up and actually found that I missed it. But, more so, I realized that putting the pencil to the paper really forced me to study the action of this pile of stocks each day, rather than only the exciting movers. It made me analyze even the dullest of the dull....372 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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