I have recently started following a number of technical chartists on Twitter. I realise that chartists have a bit of a bad reputation in the academic world – almost as though they’re the horoscope peddlers of stock prediction.

But my suspicion is: now that so much trade is algorithmic (85%+), in almost every type of market (stocks, bonds, futures, commodities, currencies), market behaviour is losing a degree of randomness. Which makes technical charting more accurate.

Also, a good chartist is an empirical observer of market behaviour – and their understanding of how money flows around the world just blows my mind.

Here is an infographic on reading charts that I like:

Just, you know, in case you’re interested.

Rolling Alpha posts opinions on finance, economics, and the corporate life in general. Follow me on Twitter @RollingAlpha, and on Facebook at www.facebook.com/rollingalpha.