Chartism

1 A technique of market analysis which predicts prices by extrapolating future price movements from a chart of previous price fluctuations. This has been applied to the study of stock and foreign exchange markets. It is argued that prices represent all influences on demand and supply, including information.

Recurrent patterns, e.g. a ‘head and shoulders’ shape, are used to predict changes in trends.

2 A political movement in England and Scotland of the 1830s and 1840s for the reform of the franchise, named after a charter presented to parliament.