On 08/14/13 16:28, Michael K wrote:
Stephen sounded far more serious about it. I was mainly sounding my
surprise at the volatility.
I'd hardly have the time for chart-watching, and I admit to knowing very
little about statistical trends.

More of a greatly disputed art than a science:
http://en.wikipedia.org/wiki/Technical_analysis

From the bottom of that article, here's some of the jargon the people who do try to predict markets use:

Concepts

    Support and resistance
    Trend line
    Breakout
    Market trend
    Dead cat bounce
    Elliott wave principle
    Fibonacci retracements
    Pivot point
    Dow theory

Charts  

    Candlestick chart
    OHLC chart
    Line chart
    Point and figure chart
    Kagi chart

Patterns        
Chart
        

    Head and shoulders
    Cup and handle
    Double top and double bottom
    Triple top and triple bottom
    Broadening top
    Price channels
    Wedge pattern
    Triangle
    Flag and pennant
    Island reversal
    Gap

Candlestick
        
Simple
        

    Doji
    Hammer
    Hanging man
    Inverted hammer
    Shooting star
    Marubozu
    Spinning top

Complex
        

    Three white soldiers
    Three Black Crows
    Morning star
    Hikkake pattern

Indicators      
Trend
        

    Average directional index (ADX)
    Ichimoku Kinkō Hyō
    Moving average convergence/divergence (MACD)
    Mass index
    Moving average (MA)
    Parabolic SAR (SAR)
    Smart money index (SMI)
    Trix
    Vortex Indicator (VI)
    Know sure thing oscillator (KST)

Momentum
        

    Relative strength index (RSI)
    Stochastic oscillator
    True strength index (TSI)
    Williams %R (%R)

Volume
        

    Accumulation/Distribution index
    Money flow index (MFI)
    On-balance volume (OBV)
    Volume–price trend (VPT)
    Force index (FI)
    Negative volume index (NVI)
    Ease of movement
    Put/call ratio (PCR)

Volatility
        

    Average true range (ATR)
    Bollinger Bands (BB)
    Donchian channel
    Standard deviation (σ)

Other
        

    Advance–decline line (ADL)
    Arms index (TRIN)
    Commodity channel index (CCI)
    Coppock curve
    Keltner channel
    McClellan oscillator
    Ulcer Index
    Ultimate oscillator



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