Philippe Gomez/AFP via Getty Images
Philippe Gomez/AFP via Getty Images
The “head and shoulders.” The “Ichimoku cloud.” The “death cross.” Technical analysts see these patterns in stock price charts and use them to decide future trades. Economic literature has long held that technical analysis is a poor predictor of a stock or a bond’s performance, but plenty of traders and popular media outlets still use it daily.
Today, we talk to one trader who has built a career on analyzing stock charts, as well as a skeptic whose fake chart pattern, the “vomiting camel,” has taken on a life of its own.
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