Quotes & Sayings About The Chartists

Investors look at economic fundamentals; traders look at each other; 'quants' look at the data. Dealing on the basis of historic price series was once described as technical analysis, or chartism (and there are chartists still). These savants identify visual patterns in charts of price data, often favouring them with arresting names such as 'head and shoulders' or 'double bottoms'. This is pseudo-scientific bunk, the financial equivalent of astrology. But more sophisticated quantitative methods have since proved profitable for some since the 1970s' creation of derivative markets and the related mathematics. Profitable — John Kay

The pot that had simmered for fifty years boiled over. Colliers and miners, furnacemen and tram-road labourers were flooding down the valley to the Chartists' rendezvous: men from Dowlais under the Guests, Cyfartha under the Crawshays, Nantyglo under Bailey and a thousand forges and bloomeries in the hills: men of the farming Welsh, the Staffordshire specialists and the labouring Irish were taking to arms. — Alexander Cordell