"Charts Are Like Detailed
Roadmaps... Without Them,
ome charts are better suited for displaying data. Knowing which to use is key to your success.
As you can imagine, there are many ways to display stock market data. For example, when all you have is the closing price of a stock or mutual fund you would use a Line Chart.
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You can use a Bar Chart if you have the stock's high, low and closing price. With the added data, the graph gains some dimension. In fact, you begin to see patterns -- the unique footprints of the stock.
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By adding one more data point, the opening price, you can create a very powerful graph. The Candlestick Chart is a superior plotting method... in addition to showing a stock's price and time, it will uncover repeating, predictive patterns.
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