A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006.

Recent entries:
Entry forthcoming—B.P. (10/20)
“Why is food better than men?"/"Because you don’t have to wait an hour for seconds.” (10/20)
“Trains are just boring rollercoasters” (10/20)
Entry forthcoming—B.P. (10/20)
“My landlord wanted to come talk to me about the high heating bill. I said, ‘My door’s always open’’ (10/20)
More new entries...

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Entry from March 26, 2010
“There is nothing wrong with the charts, only the chartists”

Entry in progress—B.P.

Wikipedia; Chartist (occupation)
A chartist (also known as a technical trader or technical analyst) is one who utilizes charts to assess patterns of activity that might be helpful in making future predictions. Most commonly, chartists use technical analysis in the financial world to evaluate financial securities. For example, a chartist may plot past values of stock prices in an attempt to denote a trend from which he or she might infer future stock prices. The chartist’s philosophy is that “history repeats itself”.

Google Books
Contrarian Investment Strategy:
The psychology of stock market success

By David N. Dreman
New York, NY: Random House
1979
Pg. 29:
“There is nothing wrong with the charts, only the chartists.”

Google Books
Economics on Trial:
Lies, myths, and realities

By Mark Skousen
Homewood, IL: Business One Irwin
1991
Pg. 263:
Chartists often remark that there is nothing wrong with the charts, only the chartist.

Google Books
Contrarian Investment Strategies:
The next generation

By David N. Dreman
New York, NY: Simon and Schuster
1998
Pg. 45:
“There is nothing wrong with the charts, only the chartists,” runs another old Wall Street maxim.

Posted by Barry Popik
New York CityBanking/Finance/Insurance • (0) Comments • Friday, March 26, 2010 • Permalink