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How To Read Charts, Part 3

 

I was going to end my "How to Read Charts" series this past Wednesday, but then reader Raymond Usher asked for just a few more words on those neat things I talk about like "blow-off bottoms," "V-ish" moves, parabolic rockets and a few other GBS-invented, and non-GBS invented catchphrases. (In truth, there are no such things as GBS-invented catchphrases. I proudly admit I stole everything, and credited no one!)

Therefore, for Mr. Usher's benefit -- and for all those who need a refresher on GBS Charts -- here are a few of the patterns I refer to throughout my Friday, Saturday and Sunday columns.

The Pullback

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,344.84 1,095.63 2,144.60 32.01
Oil *
78.55
UP
34.92
UP
4.14
UP
6.16
DOWN
0.30
10 Yr
3.20%
SPDR Gold
115.65
+0.34%
+0.38%
+0.29%
-0.93%
Data delayed 20 minutes

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