Ticker Tape Reading
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In recent decades with the popularity of PCs and later the internet, and through them, the electronic trading, the chart analysis became the main and most popular branch of technical analysis. But it is not the only one branch of this type of analysis.
One very popular form of technical analysis until the mid-1960s was the "tape reading". It was consisted in reading the market informations as price, volume, orders size, speed, conditions, bids for buying and selling, etc.; printed in a paper strip which ran through a machine called a stock ticker. It was sent to the brokerage houses and to the homes and offices of most active speculators. Such a system fell into disuse with the advent in the late 60's, of the electronic panels.
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Famous quotes containing the words ticker tape, ticker, tape and/or reading:
“Most people aren’t appreciated enough, and the bravest things we do in our lives are usually known only to ourselves. No one throws ticker tape on the man who chose to be faithful to his wife, on the lawyer who didn’t take the drug money, or the daughter who held her tongue again and again. All this anonymous heroism.”
—Peggy Noonan (b. 1950)
“Most people aren’t appreciated enough, and the bravest things we do in our lives are usually known only to ourselves. No one throws ticker tape on the man who chose to be faithful to his wife, on the lawyer who didn’t take the drug money, or the daughter who held her tongue again and again. All this anonymous heroism.”
—Peggy Noonan (b. 1950)
“I could buy one
Tape and get another free. I accept- Ed the deal, paid for one tape and
Chose a free one. But since I’ve been
Repeatedly billed for my free tape.”
—John Ashbery (b. 1927)
“After reading Howitt’s account of the Australian gold-diggings one evening,... I asked myself why I might not be washing some gold daily, though it were only the finest particles,—why I might not sink a shaft down to the gold within me, and work that mine.... At any rate, I might pursue some path, however solitary and narrow and crooked, in which I could walk with love and reverence.”
—Henry David Thoreau (1817–1862)