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William Kurtz - EzineArticles.com Expert Author
The author is a retired corporate CEO and attorney, and a long-time investor. He has passed the NASD Series 65 Investment Adviser exam. He publishes his Investment Newsletter and Action Suggestions three times per week at the CandleWave website. The Action Suggestions provide specific Safety Stops on the major Indexes; a review of the major Indexes; an individual review of each of the Dow 30 and of selected non-Dow stocks; a review of five ... [More]
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- Candlestick Patterns Show a Faltering Dow
[Investing] The rise in Dow Industrials Index prices since November 5 is reminiscent of the Tulip Bulb Craze, the South Seas Bubble, and the stock market environments of October 1929, of early 2000, and of October 2007. The current craze to buy stocks appears to be a mania, too; but Candlestick patterns are now telling us that the craze may now be coming to an end.
- Black Candlesticks in the Euro and Pound Say the Dollar is Alive and Well
[Investing:Stocks] For months now, professional and public sentiment has bemoaned the continuing slide in the value of the US Dollar. Some have even called for its eventual demise. However, it has put in a major Low while other currencies have made Highs, and now the tide has changed.
- The Party is Over and Candlestick Reversal Patterns Are on the Charts
[Investing:Stocks] It has been quite a party since March 10. Since then, the Dow Industrials Average has risen 2702 points (39%) to what may be the ultimate top of the Rally today. There have been increasingly insistent Candlestick warning signals over the past several days that prices will soon reverse; and our Candlestick analysis of today's patterns across the various major Indexes only served to confirm them.
- The Joy of Looking - Unearthing New Japanese Candlestick Reversal Patterns
[Investing:Stocks] Unearthing new variations on standard Candlestick reversal patterns is very gratifying. I've found two of them which have proven their potency this year, in the Great Rally of 2009. Everybody's different, but everybody enjoys the satisfaction of finding something of perceived value while on a treasure hunt; or of landing that "big one;" or of "rejoicing upon finding the drachma that was lost."
- Rearranging the Deck Chairs on the "Titanic?" Watch the Doji and Hanging Man Candlestick Patterns
[Investing:Stocks] Financial pundits are engaged in great argumentation about whether the Recovery will be dynamic or muted. One whether they all have missed the larger question: Is the Recovery already history?
- Newly Discovered Candlestick Reversal Pattern Pops Up Again
[Finance:Currency-Trading] Last January, we identified a Japanese Candlestick pattern which was a variation on the well-known Evening Star bearish reversal pattern. it proved to possess the strongly bearish qualities of the original. We named it the "Osaka Clipper." A new example of the Osaka Clipper may have just arisen in the British Pound.
- Bearish Engulfing Candlestick Pattern May Signal End of the Rally
[Investing:Stocks] The eminent Philosopher-General of the Baseball Diamond, Yogi Berra, has been quoted often as saying that "It ain't over 'til it's over." That caution applies well to the stock market and to its accompanying stock Indexes. It's not possible to count the number of times that our Candle charting work gave us reason to believe that a price trend in the stock market had run its course - only to be fooled again.
- Target Net Fuel Cost of Zero
[News-and-Society:Economics] This little treatise was prompted, in the beginning, by recurrent published stories having to do with the airlines' difficulties in coping with extraordinarily high, and "volatile," jet fuel costs. Even so, it applies with equal force to users of Heating Oil and Diesel fuel, which of course also are refined products derived from Crude Oil, and which are somewhat similar to jet fuel.
- New Candlestick Pattern Arrives in the Neighborhood
[Investing] Prices in the major Stock Indexes embarked on a nearly-vertical ride after the appearance of a "Kobe Cruiser" bullish Candlestick formation in the Dow Industrials on July 15, 2009. As of this morning, Dow prices have risen almost 595 points since that date.
- Cash is a Position
[Investing:Stocks] Some investors feel that they are not truly "in the market" unless they are fully invested at all times. This is erroneous. There are times when the direction of the stock market is unclear; and at such times it may be prudent to leave existing investments alone and to build up cash while waiting for a good opportunity to appear, whether to the upside or to the downside.
- The Bear Comes Out of Hibernation
[Investing] The Bear is stirring in his den. The long bull market since 2003 ended last October. Wise householders would do well now to lower the sails and prepare for a major storm. Frauds and boondoggles have taken a toll on the economy, with no end in sight. Spend wisely, pay off debts, and keep putting money in the bank - every single last dollar of it FDIC-insured.
- Inflation is in The Air, Or is It?
[News-and-Society:Economics] Many people think of gold as the ultimate protection against inflation. They also worry over the escalating price of food and of gasoline, and are convinced that inflation is here to stay. But the prices of new and existing houses are way down, so that's deflationary. What if "everybody" is wrong, and the price of gold will come down too?
- Japanese Candlesticks Forecast - A Decline in Treasury Bond Prices
[Investing] Treasury Bond prices have been in a rising major trend since July 2007. They appear to have topped out on January 23, and have declined slightly since then. Having in mind that Japanese Candlestick patterns which form in the price bars are often accurate in forecasting reversals of major trends. I examined recent price history of the 10-year Treasury Notes (as proxies for the Bond/Note/Bill complex) in an effort to discover whether there have been any patterns that have been left behind which might give us some insight as to the probability of the next significant price move in the Bonds, Notes, and Bills.
- How Japanese Candlesticks Set Crude Oil on Fire
[Investing] Crude Oil prices set a low on April 1. The Japanese Candlestick three-day pattern of Crude Oil prices on March 31, April 1, and April 2 foretold a price reversal and a massive rise in Crude Oil values. The forecast proved to be accurate, as prices climbed dramatically higher over the next two weeks and peaked on April 17. Investors who caught the move stood to earn a profit of $15,000 per contract.
- How the Candlesticks Could Have Reduced Airlines' Net Fuel Costs
[News-and-Society:Energy] The airlines are held hostage by rapidly escalating prices for jet fuel. Old long-term contracts at fixed prices expire, and cannot be replaced by new agreements except at substantially higher cost. There are still some alternatives, but some carriers may be constrained in the extent to which they can soften the blow.
- Candle Charts Confirm Discovery of Powerful New Candlestick Reversal Pattern
[Investing:Stocks] The classic candlestick "Morning Star" bearish reversal pattern is a three-bar affair, with a tall black candle first, then a bar (the "Star") with a small "real body" near the low of the black candle, and then a white bar. We have discovered a five-bar variation of the Morning Star, which contains three Stars rather than only one. Price action during the past three days has revealed the power of this pattern, as the Dow Industrials rose 380 points.
- A New Candlestick Pattern Just Rode Into Town
[Investing] Everyone knows the bullish "Morning Star" Candlestick pattern, which is composed of three bars - a tall black candle, then a small "Star," and then a tall white candle. A four-bar variant is known, as well, containing two Stars between the black candle and the while candle. And now we have still another variant, which contains three Stars rather than one or two; and it may have bullish propensities just like the others. It's off to a good start.
- Japanese Candle Charting Opens Doors of Understanding
[Investing] Japanese Candle Charting was invented hundreds of years ago in the rice trade by a trader who wished to develop a system which would give him an advantage. The system has been successfully carried over in the modern day to trading in all financial instruments. Every investor should learn the Candles - its easy, it's fast, and it is extremely rewarding.
- Bearish Candlestick Patterns and Head & Shoulders Top in the S&P 500
[Investing] We always have our eyes open for the appearance of Candlestick reversal signals, because we have learned that they very often do possess price-predictive capability. Our interest is doubly piqued when a classic Candlestick reversal pattern becomes part of an unfolding classic "Western" reversal pattern. That is exactly what is occurring in the S&P 500 Index now: We first identified the emergence of a possible "Western" Head & Shoulders Top a few days ago.
- Candlesticks Hint That Crude Oil Prices Are on the Way Down
[Investing] Candlestick patterns in the price bars of Crude Oil charts suggest that the recent high is the top of an upside correction in prices, which inevitably means that prices will revert to, and below, prices which were in effect before the correction began. A renewed down slide in Crude prices will have adverse effects upon the national budgets and spending policies of certain producing nations.
- Last Christmastime Was Pivotal For Treasury Bonds in Candlestick Terms
[Investing] Bearish Candlestick patterns in charts of Treasury Bonds last Christmastime foretold a decline in Bond prices, which in fact has come to pass. Because market prices of Bonds are inverse to the effective interest rate which is being paid for them, interest rates have therefore increased, which adversely affects any attempt at recovery from the Recession.
- Bungee Jumping With the Candlestick Doji - The Crash of 1987 and Today
[Investing] The Candlestick patterns which immediately preceded the great Crash of 1987 have repeated - in spades - in early June 2009. The similarity raises the question - will history repeat?
- Watch Those NASDAQs! Bearish Candlestick Patterns Are Abroad in the Land
[Investing:Stocks] The Candestick price bars in the NASDAQ 100 and Composite are bearish warnings of possible trend reversal. They will require next-day lower closes for confirmation.
- Candlestick Patterns Foretold the Bankruptcy of GM Long Ago
[Investing] The downfall and eventual bankruptcy of GM began to be told in the Candlestick bars as long ago as late 2007. Beginning at that time, and since, the charts of various time frames display numerous bearish warning signals.
- Take Heart - The Candlesticks Say Gasoline Prices Are Ready to Decline
[Investing] Retail prices of gasoline have risen markedly. This represents an upward correction, or partial retracement, of the massive price decline which began last July. The correction is quickly coming to an end; indeed, it may have already ended; and we have reason to expect that lower gasoline prices at the pump will follow in due course.
- Japanese Candle Charting is Anything But Dull
[Investing] Japanese Candlesticks grab old-style bar charts by the lapels, shake them up, and give them a whole new appearance. In the process, the bar charts are transformed and become much more valuable to the trader.
- Technical Analysis is a Big Tent - Candlestick Analysis is Only One of the Occupants
[Investing] During the weeks of February and early March 2009 our Indicators were signaling that a hard landing of Index prices and a reversal of trend was increasingly likely. We were awaiting the appearance of a Candlestick reversal pattern for confirmation of those signals, telling us that a reversal was imminent. That pattern emerged in various alternate forms across the board in the Indexes on March 6, 2009, following which the markets blasted off in a major rally which began only two trading days later, on March 10.
- Ignition of the March 2009 Rally Was Foretold by Candlestick Stock Index Reversal Patterns
[Investing] The Candlestick patterns in the major stock Indexes, in conjunction with our most dependable Indicators, agreed on March 6, 2009 that something big was about to occur - probably a trend reversal. Two trading days later, stocks rocketed up in the beginning of a major rally which shows no signs of ending.
- You Can Do This - Learn to Spot the Magic 15 Candlestick Technical Analysis Indicators
[Investing] Candlestick reversal patterns are technical analysis indicators every bit as much as are triangles, head & shoulder tops, stochastics, RSI, and Bollinger Bands. Candlestick patterns do have forecasting value. They also reveal the underlying psychology of traders' group actions in the markets.
- The Candlestick Doji - the Candlestick Reversal Pattern Everyone Loves
[Investing] In Candlestick financial reporting, a Doji pattern is one in which the opening price and the closing price are the same, or nearly so. If it appears at the end of an established uptrend, the Doji brings the bullishness of the uptrend to a halt. The implicit warning signal given off by the Doji is "caution," because there is "indecision" in the land.
- The Candlestick Reversal Pattern - Here Are the Basics
[Investing] The 15 most frequently-seen and reliable Candlestick reversal patterns should be memorized by all traders. They are powerful tools which should be used in conjunction with standard Western Indicators in order to help you spot reversals even before they emerge.
- Candlestick Charting Explained in Plain Language
[Investing] The Candlestick chart starts with the standard OHLC bar chart as the basis, but then "fattens-out" that part of the bar chart line between the open and the close. Doing so forms a hollow cylinder for that part of the line. If the close is higher than the open, the hollow is left blank, or "white;" if the close is lower than the open, he hollow is filled in "black." This simple device enables us to discern the mind-set of traders.
- A New Candlestick Formation Foretold the Great Rally of March 2009
[Investing] A new Candlestick Reversal pattern has been identified. It is a four-bar variation on the Morning Star, with two stars in the middle rather than one. The pattern provided the kickoff of the Great Rally of March 2009. If that is any guide, this new pattern is a powerful predictor of trend change.
- Some Tips For Trading Candlesticks
[Investing:Day-Trading] The trader should memorize the 15 or so most prevalent and reliable candlestick reversal patterns. The names of many of the patterns verbal equivalents of the design of the pattern. For example, a Shooting Star pattern looks very much like its namesake. So does the Hammer. This is an exercise in Pattern Recognition.
- Some Candlestick Chart Patterns Have Quirky Names, But Don't Let That Fool You
[Investing:Day-Trading] Some Candlestick Reversal patterns have quirky names, such as Shooting Star, Dark Cloud Cover, Hammer, and Belt Hold. Names don't take away anything from their forecasting ability. The names often quite accurately reflect the shape or power of the pattern.
- What Makes a Candlestick Chart Different
[Investing] Most stock trading is the result of emotion, not of logic. Candlestick analysis helps us to uncover the mind-set of traders as a group, and therefore to plan our own trades with greater likelihood of success. Nothing unearths probable trend reversals as well as the Candlesticks when used in association with standard "Western" Indicators.
- A Few More Aggressive Candlestick Charting Techniques
[Investing] I think it was "Professor Harold Hill" in Meredith Willson's "The Music Man" who said "You Gotta Know the Territory." That was never more true than in trading the markets; and in that respect it has never been more true that in order to trade in the markets successfully you need to know the 15 or so major Japanese Candlestick Reversal patterns. The great beauty of the Candlesticks is that they have an uncanny ability to forecast major reversals of trend.
- Aggressive Japanese Candlestick Charting Techniques
[Investing] Aggressive techniques involve establishing a position immediately upon the emergence of a Candlestick reversal pattern or even prior to that time. Much depends on the extent of confirming evidence from the Indicators which should always be used in conjunction with Candlestick charting.
- Candle Charts Add Spice to a Dull Subject
[Investing:Day-Trading] Candle Charts are best viewed in real time data display. The charts virtually come to life as the viewer can see for himself the traders' mindset at work as buying and selling progresses.
- The Candlechart Belongs in Every Trader's Toolbox
[Investing:Day-Trading] The Candlechart is the movie screen upon which Candlesticks are displayed. Most usually in this day and age, he Candlechart appears in electronic form. The Candlechart is where we see trends developing and reversing field. The Candlesticks are especially adept at finding key reversals of trend even before they emerge.
- Just a Single Candlestick Bar is All it Takes to Predict a Trend Reversal
[Investing] The looming Dark Cloud Cover is one of the more obvious Candlestick Reversal patterns. It hovers over the landscape like an approaching thunderstorm.
- Li'l Doji is Small, But Oh My
[Investing] The Doji pattern can emerge at the bottom of a long downtrend or at the top of a long uptrend. Its distinguishing characteristic is that the opening price and the closing price are the same, or nearly so. The Doji denotes "indecision" and the possibility of a change in trend.
- Japanese Candlestick Price Display Makes the Bar Chart Sing For Its Supper
[Investing] The bar chart is very old news by now. There's an improvement on it called "Japanese Candlesticks," which is a champ at spotting reversals early and in deciphering the mindset of traders as a group. With Candlesticks, your trading should reach new levels of success. The starting point is fattening-out the price area between the open and the close so as to form a cylinder, which is treated differently depending on whether the close is higher than the open.
- Japanese Candlesticks Shine a Light on the Roadway Ahead
[Investing] The Candlesticks "light up" a bar chart by puffing out into a cylinder the price range between the open and the close. If the close is higher than the open, the cylinder is left blank, or white. If the close is lower than the open, the cylinder is filled in Black. This results in the viewer's being to see and interpret the mind-set of the traders much more clearly, and to plan his own investment or trading accordingly.
- Candlestick Patterns Are Reflections of Human Emotion at Work
[Investing] The Candlesticks reveal human emotion - the underlying mindset or psychology of the traders, as a group. It is fascinating to watch the Candlesticks in operation when data feed is in real time. One can almost read the minds of the traders from minute to minute.
- Pulling Back the Curtain on Candlesticks Trading
[Investing] Candlesticks trading is an art form. Part of it is learned; part of it is intuitive. It is an art form rather than a science because there are no absolutes; judgment plays a big part in the analytical process. Candlesticks trading is Pattern Recognition first and foremost.
- Japanese Candlestick Charting - Mysteries Solved - Truth Revealed
[Investing] One of the great characteristics of candlestick charting is its ability to ferret out trend reversals, whether they are history, just now completing, or still forming. The Candlesticks are the pre-eminent tool for finding reversals and for discovering the underlying psychology of the traders at any given time. The Candlesticks work across all financial instruments, in all time frames.
- Candlestick Analysis As an Art Form
[Investing] Almost everything we do, including making purchases in the supermarket, involves comparison and analysis. Overlaying Candlestick price presentation upon the old bar chart elevates the art of comparison analysis in financial matters to a new level. The Candlesticks are champions at spotting reversals in the making, and at revealing the underlying buying and selling psychology of traders, as a group.
- Auto-Boost Your Own Trading Results With Your Knowledge of Candlestick Reversal Patterns
[Investing] The Shooting Star is a favorite Candlestick Reversal Pattern. It appears only after a substantial uptrend, usually above recent price levels. It features a small head ("real body" and a long tail. It is considered to be a very bearish formation.
- Candlestick Charting is Light Years Ahead of Bar Charts
[Investing] The Candlesticks make it easier to see the price range between the opening price and the closing price, and reveal something about the mind set of the traders while doing so. This is not dealing with dry reams of numbers or dull charts; the Candlesticks reveal human emotion in pictorial form. This is Pattern Recognition.
- Candlestick Forex - A Singular Name For a Natural Couple
[Finance:Currency-Trading] Candlesticks and Forex are a natural fit. The Candlesticks, together with other aids, are champions in calling reversals, even down to the shortest time frames including the one-minute chart. Since Forex trading is very fast and involves rapid reversals of trend, Candlestick analysis can assist greatly in your success in trading the Forex.
- Some of the Differences in Candlestick Trading
[Investing] Times change; and those who do not change are left behind. The bar chart form of financial price presentation has served us well for hundreds of years, but it has been superseded by something better which is new but at the same time quite old. It's just that an invention from hundreds of years ago has been rediscovered and reborn into the financial world of today. The bar chart - the "old way" - does well enough, even in real time, in showing the observer the advances and declines in prices during the trading day; but it is hard to follow visually, and even more difficult to extract from it any sense of the human emotional factor which is driving the many independent decisions which enter into each move up or down in prices as shown.
- Each Candlestick Pattern Contains Its Own DNA
[Investing] The trader should commit to memory the top 15 or so most frequently-occurring and reliable Candlestick trend reversal patterns. This is nowhere near as difficult or time-consuming as it sounds. You can do it between suppertime ice cream and the time you go to bed. The Shooting Star and the Doji will capture your imagination.
- Finding Romance in Candlestick Chart Patterns
[Investing] Each individual Candlestick pattern has a personality all its own. Some of them appear to be innocuous, but they can fool the unwary trader with their punch. The musicality of some of the names is interesting in that the names bear a relationship to the design of the pattern.
- Why I Like Candlesticks Charts
[Investing] After many years of trading while using the standard bar chart format, my eyes were opened to a new world of understanding when I discovered and learned Candlestick charting techniques. The Candlesticks are champions at identifying trend reversals even before they come to light, and at discovering the mind-set of traders.
- GE's Candlestick Fingerprint Foretold the Rally First
[Investing:Stocks] On Friday, March 6, 2009, the Dow Industrials Index left in its wake a "High-Wave Spinning Top" Candlestick bar after a long downtrend, the fact of which we broadcast the same evening as a warning of a possible trend reversal. On the same day, the S&P 500 and 100 formed "High-Wave Doji" patterns which, if anything, are even more cogent warnings of trend reversal.
- Candlestick Early Warning - Just Get Me to the Train on Time
[Investing:Stocks] Various bullish Candlestick patterns on March 6 and 9, 2009 were an early warning of the change in trend in the stock Indexes which became obvious in a big way on March 10 when the markets blasted off. Those who were aboard the train when it left the station stood to realize a substantially greater gain than those who stood on the sidelines waiting for "confirmation" as the train raced away without them.
- Candlesticks Early Warning II - The Spectacle of a Public Hanging
[Investing:Stocks] The "Hanging Man" Candlestick pattern has appeared in the Weekly charts of several stock Indexes. The Hanging Man carries bearish connotations, but requires a lower closing in the next bar for confirmation. If we see lower closes in these Indexes at the end of this week, the bearish connotations will have been confirmed, and we should not be surprised if prices decline thereafter.
- Candlesticks Are Raining on the Roof
[Investing:Stocks] Candlestick patterns in the major Indexes reveal that the stock market is ripe for a downturn. It could happen within short weeks or even within days.
- The "Osaka Clipper" Candlestick Pattern Comes Calling
[Investing:Stocks] The Dow Industrials Average fell 1400 points in February 2009 following the emergence of a four-bar variation of the bearish "Evening Star" Japanese Candlestick reversal pattern. The same four-bar pattern completed yesterday, April 20, 2009, in the Dow and in several other Indexes. This unorthodox pattern is sufficiently visually identifiable that it deserves recognition as a legitimate Candlestick pattern in its own right. I call it the "Osaka Clipper."
- Tools Help the Candlesticks Perform Better
[Investing] The greatest innovation in commodity charting is hardly new. It was invented centuries ago in the Japanese rice trade by a trader who was observant enough to realize that human psychology is the driving force behind decisions to buy or to sell, and creative enough to devise a system which recorded that psychology on paper. The result was the "Japanese Candlesticks" method of price presentation.
- Life Insurance Companies and Bankrupt Shopping Center Developers - Chapter 2 Begins
[Insurance:Life-Annuities] Life insurance companies and pension funds are major lenders to the shopping center industry. The bankruptcy of General Growth Properties will adversely affect many lenders, the extent of which is yet to be determined. Several life insurance companies have announced that they, too, are on the bailout line. Inevitably, this will fall into the lap of the federal government and, therefore, of the taxpayer.
- The Candlesticks As Part of Your Personal Financial GPS
[Investing:Stocks] It is difficult to trade stocks successfully without knowing where prices are in the big scheme of things. Candlestick price presentation and wave analysis act like your own personal Global Positioning System in locating present price action in the indexes in relationship to the grand scheme of past and present prices.
- Germ of an Idea - A Modern-Day "Roman" Aqueduct For Florida
[News-and-Society:Environmental] The northern tier of Florida counties have been plagued with floods, while other counties to the south are in the grip of an unrelenting drought. Common sense tells us that we need to find a way to ameliorate both conditions. One way to accomplish that would be the construction of an aqueduct to carry excess water from the north to drier counties to the south.
- Beware of This Candlestick "Hanging Man" Pattern in Wells Fargo Shares
[Investing] The Japanese Candlestick pattern in last Thursday's Wells Fargo shares price action carries bearish implications. It requires confirmation of bearishness by a lower closing today.
- Candlesticks, Commodities, and Crude
[Investing:Futures-and-Commodities] The world is glutted with crude oil. Now is the time when oil companies should be ramping up exploration so as to take advantage of relatively low prices for drilling equipment and skilled labor. However, except for China exploration for new oil discoveries is being held back, which represents money not spent which is nevertheless money that is badly not spent, which will come back to haunt the oil producers in future years.
- Candlesticks Point to Copper As a Leading Indicator
[Investing:Futures-and-Commodities] Copper is a leading indicator of the economy because it is used in so many products. Its main value lies in its electrical conductivity and its relative abundance. The price of copper was thrown askew by the construction of the Olympics installation in Beijing; but since the completion of those structures and in light of the general worldwide economic turndown, copper prices are trending toward "normal." Through it all, the Candlesticks revealed changes in the direction of price trend of copper, and will continue to do so.
- I Don't Like Black Candlesticks
[Investing:Futures-and-Commodities] The price patterns in the stock Indexes over the past several trading days have been marked by black candlesticks. The color "black" is often associated with bad news; and black candles are no exception. The price patterns of last Friday offer some hope that the bad run of prices is over and that we may see a reversal of trend to the upside.
- Japanese Candlesticks, Commodities, Niagara Falls, and a National Water Main Grid
[Investing:Futures-and-Commodities] How are these thoughts connected? Let me count the ways. We watch and follow the course of Grains prices constantly. We use the Japanese Candlestick method of displaying Grains prices in the Commodities markets in making our forecasts of future price direction. In turn, Grains prices are affected by many outside influences, including weather, which in turn involves the amount of rain which falls upon croplands.
- Candlesticks and Indicators Predicted the Rollover in Silver, Too
[Investing:Futures-and-Commodities] "Everybody knew" that the price of Silver "had to" rise, almost without limit, because of the worsening of the national and worldwide economy and investors' escape from stocks. Nevertheless, Japanese Candlestick patterns in the price of Silver, plus evidence from our Indicators, gave us reason to believe that Silver was about to top, then roll over, and then decline. Price action in Silver over the past several days show that our assessment was correct.
- Japanese Candlestick Patterns and Indicator Patterns Correctly Predicted the Downturn in Gold
[Investing:Futures-and-Commodities] Common wisdom had it that the price of Gold had nowhere to go but Up, in light of the declining state of the economy and investors' flight from the stock market. However, Japanese Candlestick price formations in the price of Gold, together with input from our Indicators, told us that the price of Gold was about to top, roll over, and reverse. Events of recent days have proven us to be correct.
- The End of the Corn Mania - Administered by the "Last Bullish Engulfing" Candlestick Pattern
[Investing:Futures-and-Commodities] All financial manias are doomed to collapse and retracement to a level at least as low as the level at which they began. The recent mania in Corn prices was no exception. Additionally, the point of reversal of the mania was evidenced by the appearance of a "Last Bullish Engulfing" Candlestick pattern, which is bearish in spite of its name. Immediately following the appearance of that pattern in Corn, prices began a decline to a level below those which prevailed at the time the mania began.
- De-Mystifying Commodities Trading
[Investing:Futures-and-Commodities] There is no mystery to trading in the commodities which we use every day. It is totally open and transparent. Anyone can learn commodity trading with no investment risk at all, by paper trading for as long as he or she wishes until reaching that level of comfort which would permit the commitment of very modest capital for the first excursion into this rewarding and most interesting world.
- More on the Four-Bar Variation of the Evening Star Candlestick Pattern
[Investing] The "Evening Star" Japanese Candlestick trend-reversal predictive pattern consists of three price bars in its classic form. Its four-bar variation is equally efficient at forecasting trend reversals, and ought to be recognized as a legitimate variation on the original.
- Deflation of a Stocks Mania
[Investing:Stocks] The enormous rise in prices which ended in year 2000 was a Mania, a Stocks Mania. The first move down after the end of the Stocks Mania marked the beginning of a new major trend, a downtrend this time, which has many months - perhaps extending into years - yet to run.
- Candlesticks Alone Are Only Half the Story
[Investing:Stocks] Japanese Candlesticks are adept at spotting major reversals of trend. However, as a tool, they are incomplete. Their effectiveness is enhanced by folding into the analysis the use of various indicators and, in particular, the study of the waves between the indicators.
- The Euro Collapses, Just As the Candlesticks Said it Would
[Finance:Currency-Trading] The Euro has cascaded downward in a massive decline since July. This should not have been a surprise. The foundations for the decline were laid down as far back as April 2008 by "western" indicators and by Japanese Candlestick price patterns.
- Dr Porsche's 1,000 Horsepower "Beetle"
[Automotive] In one sense, the utilitarian and ubiquitous "Beetle" has evolved into a super fast, super-luxurious, and super-expensive hand-made car for the very few. Only 500 will be built. Find out how this transformation came about.
- Bottoms Up in the Stock Market
[Investing:Stocks] The stock indexes are at a low. An upside reversal is due. The Russell 2000 and the S&P 600 may be leading the way.
- The Candlestick Case For a Perpetual Short in the S&P 500
[Investing:Stocks] There is no need to be like a "deer in the headlights," fearing for the integrity of your stock portfolio when the market declines. Learn to use the "insurance" which is available to you by use of modern devices such as the Inverse Stock Index Funds and the Inverse Exchange-Traded Funds.
- Bailout Signed, Market Falls - Fiddlesticks and Candlesticks
[News-and-Society:Economics] Not even a $700 Billion backstop could jumpstart the stock market. What will it take to get the job done?
- Candlesticks As Weapons of Defense
[Investing] Candlestick patterns, in combination with "Western" indicators and Inverse Funds, offer a potent array of weapons with which to defend one's portfolio. In today's economic environment, protection of capital is first and foremost.
- How to Survive and Win in This Bear Market - Follow the Candlestick Patterns
[Investing] There is no reason for an investor to sit idly by while the value of his or portfolio declines in a bear market. The investor should learn, and should apply, the advantage which is presented by knowledge of the Candlestick format, as well as devoting a part of his investble money in Inverse Funds.
- No Gold, No Market, No Candlesticks
[Investing] The ownership of Gold in the hands of the public is an inconvenient truth for Government. It is an embarrassment, a measuring-stick of the capability of Congress and of the Executive branch to manage the affairs of the country. Gold will soon be confiscated and removed from open trading in the market, just as it happened immediately after Franklin Roosevelt was sworn into office as President about 75 years ago.
- Candlesticks Fool Gold Bulls Again
[Investing] The Candlestick pattern left behind by Gold on Thursday, September 18, 2008 could have fooled investors into believing that a trip back toward $2,000 Gold was in the making. The Candle patterns told a different story: that, rather than advancing further, prices would likely fall the next day, which they did.
- Candlesticks Predicted $85 Crude Oil - It's Coming True
[Investing] At a time when the brightest minds on Wall Street and, more importantly, on CNBC were predicting the inevitability of $180 and $200 Crude Oil, Candlestick analysis told a very different story - that Crude Oil prices were heading in the direction of $85 per barrel. As usual, the brightest minds were wrong and the Candlesticks were right.
- Head and Shoulders Pattern Plus Candlesticks Equals Stock Market Decline
[Investing:Stocks] A Head and Shoulders pattern has arisen in the Dow Industrials. This pattern has bearish implications. In combination with bearish Candlestick patterns, we can predict the likelihood of a decline in the Dow Industrials Index to prices which were seen in 1999.
- Candlesticks Belt Hold Pattern Predicts Stock Market Decline
[Investing:Stocks] The Japanese Candlestick Belt Hold pattern is often a reliable predictor of price direction. The Belt Hold pattern has arisen in the Dow Industrials and in other major indexes, whereupon we expect that prices will fall over the next few weeks.
- Candlesticks Throw Light on the Fannie Mae Rebound
[Investing:Stocks] The rise in the Dow Industrials following the announcement of the Fannie Mae takeover was just a flash in the pan. Japanese Candlestick and other technical analysis correctly predicted that the rise would soon come to an end, and it did.
- Candlesticks Push Wheat Profits to Front Row Center
[Investing] Some traders went Long when Wheat prices gaped up at the end of a long rise. However, those who had the benefit of knowing Japanese Candlestick technical analysis understood that the appearance of the "Shooting Star" pattern was bearish. It was they who profited from the ensuing decline in prices, while the Longs suffered calamity to the wallet and wondered, in dismay, how this could happen.
- Candlestick Patterns Can Put Money in Your Pocket
[Investing] It was never more true: a picture is worth a thousand words. The Candlestick patterns are unrivaled in their ability to forecast reversals of major trends. They are not complicated. They are easy to learn and, when properly understood and applied, can make a major and positive difference in your investment results.
- The Candlesticks and the Turning Leaves Predict Cool Homes This Winter
[Home-Improvement:Heating-and-Air-Conditioning] The price of home heating oil posted a high early in July. Since then, prices have cascaded downward quickly and may be forming a low. However, candlestick patterns predict an upturn in heating oil prices soon, and we have received on-the-scene reports of trees' leaves already beginning to turn. Local folk believe this portends a cold winter. Household temperatures may be lower than usual by Christmas.
- Japanese Candlestick Patterns Create Beautiful Pictures
[Investing] "A picture is worth a thousand words." How many times have we heard that? Since early times, humans have made pictures of things and events around them, both because visual representations give pleasure and because they create a record. The invention of the motion picture camera and of its derivatives in the digital age have carried record-keeping one step further, by creating a record of events as they are happening in real time.
- Japanese Candlesticks Foretold the Decline in Merrill Lynch Shares
[Investing:Stocks] The story of the decline in Merrill Lynch shares since early 2007 bears an uncanny resemblance to that of Bear Stearns. From a high of $98.68 on January 18, 2007, Merrill shares fell to a low of $22.00 on July 29, 2008. Could such a drastic decline have been foreseen? The answer lies in the Japanese Candlesticks; and the answer is Yes.
- Japanese Candlesticks Are Only Half a Loaf
[Investing] Japanese Candlesticks alone are a marvelous tool, but they are only part of the story. In order to bring them to their full potential, they must be considered in combination with Western indicators.
- Japanese Candlesticks Can Predict Reversal of Major Trend
[Investing] It's true! Candlesticks are champs at forecasting reversals. It happens all the time.
- Japanese Candlesticks Aren't Patented
[Legal:Patents] To the best of our knowledge, the inventor of Japanese Candlestick technical analysis never applied for a patent. Presumably, patents weren't available in Japan that long ago, anyway. They're free to use, and all investors and traders should take the minor time and effort to learn how they work.
- Faithful Unorthodox Candlestick Pattern
[Investing] Unconventional, or unorthodox, Japanese candlestick patterns do possess reliability. This was proven again in the case of the Dow Industrials in late July 2008.
- Japanese Candlesticks Say Crude Oil Prices May Be Headed For $80
[News-and-Society:Economics] The common wisdom is that Crude Oil prices must rise higher, because the fundamentals demand it. Not so fast, please. The supply and demand equation is corrupted because of fuel subsidies in many countries. When the subsidies become unsustainable, demand will fall locally and will affect prices worldwide.
- How Candlestick Double Tops in May Predicted a Major Decline in the Dow
[Investing:Stocks] Candlestick patterns in the Weekly and Daily charts of the Dow Industrials Index during May 2008 predicted a serious decline in stock prices. The prediction was accurate, in that the Dow declined 17.5% between May 19 and July 15.
- Unorthodox Japanese Candlestick Patterns Are Powerful, Too
[Home-and-Family:Crafts-Supplies] The standard Candlestick analysis texts display examples of the classic Japanese Candlestick patterns, together with explanations of their predictive capacities. What the texts do not display or discuss are the very many possible variations of the classic patterns, some of which have predictive capacity in their own right. There is an opportunity for an enterprising researcher to do the work and produce a text whose subject would be Variations of Classic Japanese Candlestick patterns.
- Japanese Candlestick Analysis and the Human Brain
[Investing:Stocks] Mechanical trading systems always eventually fail because they attempt to jam the world of emotion into the physical world. These are parallel universes which never meet. Japanese Candlestick analysis uses the human brain - the finest computer ever devised - which understands the world of emotion, which is where it lives and which also rules the stock market.
- Japanese Candlestick Technical Analysis is a Breeze
[Investing:Stocks] Japanese Candlestick Technical Analysis is easy to learn in hardly any time at all. The Candlesticks are champions at disclosing the underlying psychology of the stock market and in predicting reversals of trend. Every investor and trader should take the time and expend the effort to learn about them, because an improvement in financial results is almost certain to happen.
- Japanese Candlesticks Are Calling For a Bounce in Index Prices
[Investing] The major Indexes are at lows. Japanese Candlestick patterns, together with patterns formed in our other Indicators, suggest that prices are at or near points at which they can be expected to form a bottom, and then reverse to the upside. The extent of any upward correction may be guided by percentage retracements which have tended to be reliable in the past.
- Joyful Assignment For the Next President - Formulation of a Unified National Energy Policy
[News-and-Society:Energy] It is long past time that a President must take charge in the development of a unified national energy policy. The incoming President will have a remarkable opportunity to lead the country on this subject of intense importance.
- Japanese Candlesticks - Investment Supercharger
[Investing] The old Japanese Candlesticks method of price recordation is alive and well today in every financial market - stocks, bonds, indexes, commodities, and foreign exchange. It is easy to learn, and its proper use can lead to enhanced investing and trading profits. The Candles have an uncanny ability to predict reversals of trend; and therefore they are ideal for the trader whose preference is to get into the market at the very beginning of a major trend.
- Big Brown "Ran Out of Gas" - The Japanese Candlesticks Say That the Stock Market Has,Too
[Investing] "Big Brown" was a sure thing; his trainer said so. However, something went badly wrong on the way to the finish line. Japanese Candlesticks patterns in Index prices are telling us that the highs of last October were the real thing, and that the road ahead for the stock market is not encouraging. A happy finish is not expected.
- The Candlesticks Speak and Silver Shudders
[Investing] Silver had been on a rising trajectory since very early in May. Prices peaked on May 23 and left behind a bearish pattern. Those who interpreted the signs correctly stood to gain handsomely as the price of silver declined 183 cents (multiply 183 by $50) over the next three trading days.
- Japanese Candlesticks, The Dow Industrials, And Beer
[Investing] Japanese Candlesticks and other Indicators foretold the recent reversal in prices of the Dow Industrials and of the S&P 500. Other signs point to loss of our national patrimony, as evidenced by the major banks' scurrying for cash within deep-pocketed sources overseas; but the larger pending national tragedy is the prospect that Anheuser-Busch may be sold to a Belgian brewery. Will "This Bud's For You" acquire a whole new meaning?
- Japanese Candlesticks Predicted the Rout in Fannie Mae Shares
[News-and-Society:Economics] The New York Times reported this morning that Fannie Mae announced a quarterly loss of $2.2 billion and a dividend cut, but that, nevertheless, the stock price rose (up $2.94 yesterday). The Times went on to report that investors believe that "Fannie Mae is in a position to pick and choose among the best and safest loans currently in the marketplace," and that it intends to raise $6 billion in new money to purchase additional loans and to shore up its listing balance sheet. Moody's was less optimistic, and Senator Shelby, the ranking Republican on the Senate Banking Committee, expressed concern.
- Gasoline Prices Should Stabilize Now, and May Even Decline
[News-and-Society:Energy] According to the wisdom of the gurus, various "fundamental" factors such as increasing demand from China, India, and the rest of Asia; flat worldwide production; and OPEC intransigence inevitably mean ever-increasing prices for gasoline in the United States. However, the "experts" are chattering with each other in a circle; and every time the story goes around, not only is it reinforced, it seems to acquire additional weight. Nevertheless, the price charts of crude oil tell a different story.
- The "Death of the Dollar?" - Japanese Candlesticks Say "Not Yet"
[News-and-Society:Economics] It is immensely fashionable to forecast and to bemoan the death of the dollar. Popular opinion is heavily weighted toward the proposition that the dollar is bound for extinction. And yet, the charts of its counterpart, the euro, tell a different story.
- Goldman and Merrill Now in the Land of Bearish Japanese Candlesticks
[Investing:Stocks] Goldman Sachs and Merrill Lynch may have topped and rolled over as this is being written on the early afternoon of May 5, 2008. Viewed from the standpoint of Japanese Candlesticks technical analysis, the Monthly price chart of Merrill Lynch (MER) showing its shares' price action for December 2006, January 2007, and February 2007 (yes, 2007!) reveals a three-bar "Evening Star" pattern in which the middle bar was a "Shooting Star.
- Japanese Candlesticks Are Not a Gimmick
[Shopping-and-Product-Reviews] The bar-chart method of stock price presentation is fine, as far as it goes, but it doesn't go far enough. Some traders place special emphasis on "point-and-figure" charting. The Japanese Candlesticks method goes them one better, because it reveals the underlying psychology of the market better than anything else. Every trader and investor should take the time and expend the minimal energy needed to educate himself or herself in the use and application of the candles.
- More Alphabet Soup in Washington
[News-and-Society:Pure-Opinion] The Treasury Department has released its "Summary of Regulatory Proposal," which is far-reaching in its scope and implications. While it has been released in the shadow of recent adverse developments in the financial industry, it is incorrect to consider the entire Summary as a reaction to those events, because it actually has been under consideration and development for a long time. Even so, current events have been so dramatic that the Treasury no doubt felt that to issue the Summary without dealing with them would have left too many urgent matters hanging in the air, and the work product would ...
- Picking Up The Pieces (of Gold)
[Investing] It was as though Gold fell off a cliff. For weeks, Gold prices had risen persistently driven by a wave of raw speculation. Within two days, everything changed.
- Red Lights Were Flashing for The Bear More Than a Year Ago
[Investing:Stocks] The demise of Bear Stearns wasn't as quick as it seemed. The signals were flashing over a year ago, and they were there in plain for sight for those who knew how to read them.
- The Silver Market Implodes
[Investing] The Silver market has been in a state of frenzied speculation for many weeks. Fundamentalist commentators continued to opine that Silver was bound to rise higher and higher, with no end in sight. It was not to be. Silver prices imploded, and fell more than 18% in four trading days.
- How the Government Gambles With Your Pension
[Finance:Personal-Finance] In a misguided effort to make up for a 14 billion dollar deficit, the Government's own Pension Benefit Guaranty Corporation is doubling its investment in the stock market to 45 per cent of total assets. The plan has been announced after a major peak in stock prices and at the beginning of a probable long-term downtrend in the market. This is a disaster just waiting to happen, and taxpayers will be asked to foot the bill.
- Investing in Retailers' Stocks - If At All
[Investing] The landscape is littered with the carcasses (or ghosts) of retailers which have gone out of business in the last twenty years or so. It's been known for a long time that retailing is a difficult business; but some of the names had been in operation since our grandparents' day, and in some cases it was surprising that these companies could not find a way to keep up with the times. I'll bet that you can name a dozen, right off the top of your head - Montgomery Ward, Gimbels, B. Altman, May Company (May Company! An entire department store chain swallowed up!) Keep going...
- A "Midlevel" Trader Loses Seven Billiion Dollars Of His Employer's Money
[Investing] Innocent question: If a "midlevel" 31-year old trader is said to earn 100,000 euros per year, what does one suppose a "lowlevel" 25-year-old trader earns? But that's a side issue. According to The New York Times, trader Jerome Kerviel of Societe Generale in Paris was having a good year; so good, in fact, that in order to avoid detection because of the huge amounts which he had risked he set up fictitious countervailing trades - but then the "good" trades went bad and, unfortunately, the trades which could have saved the day did not exist.
- "We've Always Done It This Way" - What Not To Say In An Investment Newsletter
[Investing] "We've always done it this way." How many times have we heard that, as an objection to trying a new way to get a job done? They're the mark of a closed mind, unwilling or unable to even try a new idea, let alone learn it or adopt it. No smart employee will ever say that to a supervisor, for it may be the first step on the way out the door. "We've always done it this way" and "Holding on for the long haul" will not be kindly to investors in the new economic environment.
- Technical Analysis As The Foundation Of An Investment Newsletter
[Investing] Technical analysis is shorthand for fundamental analysis. The two are not mutually exclusive; rather, they are complementary. The beauty of technical analysis for the individual investor is that he can rely upon the work of others from the fundamental standpoint, without spending an inordinate amount of time and energy searching out individual stocks, while at the same time taking advantage of the technical analytical work performed by professionals PLUS technical analysis performed by himself.
- The Anatomy Of A Rescue At Sea - How Quick Action And Common Sense Saved A Life
[Recreation-and-Sports:Boating] A woman had fallen overboard without a life jacket, in deep water far out in the channel. Her companion had sailed on, confused and helpless. No other boats were nearby. Observers on shore sprang into action, raced to her, and towed her to solid ground.
- Beans Supreme
[Food-and-Drink:Recipes] Canned baked beans from the supermarket shelf are always a big disappointment. I like baked beans with some authority to them. I find that the best baked beans are those which you make yourself. Over the years, I've found that this recipe never fails to please, whether at home for dinner or served at a party. Two of the secret ingredients are plenty of ham bits and long, slow cooking.
- Having Your Picture On A Magazine Cover Is A Bad Idea
[Business:PR] Having your picture taken for the cover of a major finance-oriented magazine is asking for trouble. Most often, a story about the subject accompanies the picture. Such a picture and cover story can foretell the arrival of unhappy events for the subject.
- Art of the Olympians - Al Oerter, Four-Time Olympic Gold Medalist
[Recreation-and-Sports:Olympics] Al Oerter and I lived in the same town. He won the Olympic Gold Medal in discus throw, four times in a row! His daughter is in charge of constructing a museum for the display of art works by Olympians from all over the world. The museum will open later in 2008 in downtown Ft. Myers, Florida and will be named, appropriately, "Art of the Olympians."
- How To Protect Yourself In A Declining Stock Market
[Investing] Most investors believe that it is possible to make money in the stock market only when prices go up. They also believe that the best strategy is to "hold on for the long pull" and just grit the teeth when prices significantly decline. Both beliefs are wrong. There are excellent instruments widely available today which enable investors to make a profit in a downturn as well as to protect their invested capital.
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