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A technical chart formation used to make market predictions by following the price movements of securities.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
The graphical representation on a chart of a trend in security prices. Technical analysts identify patterns for a security and predict future price movements in part by matching current patterns with previous patterns.
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See chart formation.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.