Original Articles

An underlying symmetry on price charts

Published in: Investment Analysts Journal
Volume 25 , issue 43 , 1996 , pages: 11–20

DOI: 10.1080/10293523.1996.11082358

Author(s): D.J. Joubert Barnard, Jacobs, Mellet & (Pty) Ltd,

Abstract

Long term study of trends on price charts using specially developed software, has shown that prices do not change direction at random; instead, prices display a distinct preference to change trend or direction at points on the price chart which correspond with a distinct preference for certain gradients.

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