The Candlestick price bar in the NASDAQ Composite on Thursday was double-barreled bearish, in that it was a combination of two patterns in one – the “Doji” and the “Hanging Man.” A “Doji” occurs when the opening price and the closing price are the same, or nearly so. A “Hanging ...
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Today was a crazy day at the races for Wal-Mart shares. They gapped up $1.35 or on opening, promptly descended almost back to yesterday’s close, and spent the rest of the day climbing back up the hill to the opening price. At the end, prices were up $1.37 on the day, and all of the fulminations ...
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I'm not an analyst....just a personal investor with a knack and some knowledge of what to look for in a great investment. I'm a mathematician;I wrote a program in the 60's for a fund that utilized the same techniques as IBD does today. I wrote probably the first program that compared stock strength ...
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Momentum -- what is it and how is it used for trading? Most traders hear about momentum in their studies of the markets, however, few really understand the value of price momentum or how it affects their trading methodology. Momentum is basically a measurement that we use to gauge how much strength ...
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I believe that it was early in January 2009 when we first took notice of a Candlestick pattern at the top of an uptrend in the Dow Industrials Index. It caught our attention because of its location and because of its similarity to the bearish “Evening Star” reversal pattern, which is well-documented ...
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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 ...
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Volume in the market is as important as fuel to your car. Prices do not move without buyers and/or sellers. This series is aimed at giving you fundamental understanding volume behaviors. Each week we will add to the information from the previous week. To help in understanding typical volume and ...
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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 ...
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HAPPY 4th of JULY UNCOMMON COMMON SENSE For People Who Think INDEPENDENCE DAY: CELEBRATION OR WAKE? The central theme behind every one of my missives is an attempt to peer into the future by evaluating the Government’s fiscal and monetary actions of today. It is an accepted fact that there ...
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HAPPY 4th of JULY UNCOMMON COMMON SENSE For People Who Think INDEPENDENCE DAY: CELEBRATION OR WAKE? The central theme behind every one of my missives is an attempt to peer into the future by evaluating the Government’s fiscal and monetary actions of today. It is an accepted fact that there ...
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One of the outstanding attributes of Candlestick analysis is its utilization of candle charts in order to ferret out reversals of trend, either as they are nearing completion or even earlier. When we find a candlestick formation which we know has been a proven performer over the years, we are sure ...
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Everyone who is familiar with Japanese Candlesticks knows about the “Morning Star,” because it is one of the most familiar bullish reversal patterns. A variant of the Morning Star set off the Great Rally of 2009. When we see it appear, we await expectantly for good things to happen. Here are ...
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Low gasoline prices were a nice Christmas present seven months ago, but – like some Christmas presents – they didn’t last long. After a long “third wave down” from $3.2571 last September to a low of $0.7877 in December, prices marked a Candlestick bullish “Hammer” pattern for the week ...
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The Dow Jones Industrials Index fell out of bed on July 2 on the basis of a terrible unemployment report. In so doing, it left in its wake a tall black Candlestick bar, which denotes a decline of 223 points on the day. This followed an outside-down day on June 11 which bearishly engulfed the ...
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UNCOMMON COMMON SENSE For People Who Think HEALTH CARE REFORM For the next few weeks the topic de jour will be Health Care Reform. So I thought a few good talking points might be useful especially if its helps you to get on the phone to your congressman and let them know what you think. And ...
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