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How to Chart Simple Stocks
A stock chart is a visual representation of supply and demand in the market. It also represents sentiment, represents all the things that we're trying to uncover when doing this type of research. I like to use an overbought oversold oscillator - it's really very basic but tells you rather than based on price. If the S&P made a lower low, and the oscillator makes a higher low, well, that's a good sign.