I’ve analyzed over one million charts. That’s not bravado, just math. A hundred to two hundred charts a day (most days) for over 25 years, and that’s the number you reach. I share this because chart reading practice has indeed allowed me to train my eye in such a away that it allows me to wring an astonishing amount of information from a one-page chart. Cultivating these skills is what this bi-weekly “Action Practice” blog is all about.
For those of you who might have stumbled upon this as your first exposure to these “action practice” blogs, think of this as paper trading, visual investing or virtual trading exercises. Might I suggest you revisit the September 2, 2016 blog where I explain my objectives in more detail.