ABSTRACT
The trader who operates on the "fundamental" basis, making his commitments on his analysis of earnings, dividends, corporate management, prospects for the industry, and so on, will usually confine himself to a few stocks or a single group of stocks in the same field. To the contrary, the technical trader, using daily charts, should have a large portfolio of issues. The charts are more informative when a change in the situation occurs; they will signal a change of trend as soon as the news of the changed conditions has come out. If people have enough charts, there will always have some stocks making decisive and clear-cut moves either up or down, at any time. In general, however, people will want to chart active, listed stocks of well-established corporations. There is no reason an unlisted stock cannot be charted, but ordinarily, the only figures you can obtain on it are the bid and offer prices.
