Minyanville article: Dabbling in the Dark Art of Chart-Pattern Reading

"I've stated several times that I'm not a chart-pattern guy. I've found that trying to predict the future of any asset via the patterns its chart reveals yields, for me, a 50/50 proposition. Yet, there's some merit to chart-pattern recognition -- many others do follow the dark art. Therefore, since the name of the investment game is to outwit your unseen investment opponent (that’s how you generate alpha), seeing what they see (and possibly believe) can be a productive exercise.

To illustrate, let’s look at a basic chart of gold..."

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