"When I first started, nobody listened," says Kenneth Ward, senior vice president of Hay den, Stone & Co., a Manhattan-based brokerage house. That was 37 years ago, when Ward was one of a hardy but much heckled band of analysts who presumed to forecast stock prices merely by reading lines on charts. Ward can hardly complain of the following that has since been won by Wall Street's chart-oriented technicians. Practically every house and mutual fund has one or more chartists in its research department, and thou sands of individual subscribers pay any where from $150 to $500...
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