Flipping through the charts this morning and noticing (once again) lots of "up and to the right" charts. When there are lots of similar charts, I like to look for the not-so-similar charts...
So I'm flipping through charts this week and I come across the daily chart of Walt Disney Co. Following my traditional chart approach, I start at the right side of the chart to see where the price is at now related to its previous moves...
Recency bias is a common behavioral phenomenon where we tend to pay more attention to more recent data. To take a step further, we often assume that whatever has happened recently (for example, a series of up days) will continue to happen...
As a student pilot, one of the most challenging moments early on was getting comfortable with stalls. For those of you that are unfamiliar, a stall is when you basically create the conditions where your wings are unable to provide lift...
The Dow chart just looked familiar this morning. I had seen this before. Sure enough, it turns out there are some similarities to another Dow milestone, Dow 10,000 in 1999. Chart below, 1998-1999 on top and 2016-2017 on bottom...