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	<title>CandleWaveBlog.com &#187; Stock Market</title>
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		<title>Tokyo Express” Bullish Japanese Candlestick Reversal Pattern</title>
		<link>http://candlewaveblog.com/financial/tokyo-express-bullish-japanese-candlestick-reversal-pattern/</link>
		<comments>http://candlewaveblog.com/financial/tokyo-express-bullish-japanese-candlestick-reversal-pattern/#comments</comments>
		<pubDate>Thu, 09 Feb 2012 15:09:47 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Japanese Candlesticks]]></category>
		<category><![CDATA[Stock Market]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[candlestick chart]]></category>
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		<category><![CDATA[William Kurtz]]></category>

		<guid isPermaLink="false">http://candlewaveblog.com/?p=856</guid>
		<description><![CDATA[<p>The “Tokyo Express” Bullish Japanese Candlestick Reversal Warning Pattern was the very pattern which foretold the immediate ignition of the Great Rally of 2009-2010-2011 in early March 2009.  It surely proved its predictive worth in that instance; and now we have another fine example, in January 2012.</p> <p>The shares of Arcos Dorados Holdings had been [...]]]></description>
			<content:encoded><![CDATA[<p>The “Tokyo Express” Bullish Japanese Candlestick Reversal Warning Pattern was the very pattern which foretold the immediate ignition of the Great Rally of 2009-2010-2011 in early March 2009.  It surely proved its predictive worth in that instance; and now we have another fine example, in January 2012.</p>
<p>The shares of Arcos Dorados Holdings had been in a long downtrend.  Then a four-bar Reversal Warning Pattern appeared, in which the first of the four price bars was a tall black candle, signifying a strong Down day; then a bar containing a small “Real Body” (called the “Star”) near the bottom of the tall black candle; then another “Star” near the bottom of the tall black candle; and finally a tall white candle, signifying a strong Up day.  This pattern is the “Tokyo Express,” which is bullish.  A more perfect example of the “Tokyo Express” would have shown the two “Stars” below the lowest extremities of the tall black candle and of the tall white candle.  Even considering this example’s lack of perfection, we can readily see that its bullish implications were justified, as prices rose from a low of $17.62 to a high of $22.99 within a space of 15 days from completion of the pattern.  It’s hard to argue with the result!</p>
<p style="text-align: center;"><a href="http://candlewaveblog.com/financial/tokyo-express-bullish-japanese-candlestick-reversal-pattern/attachment/tokyo-express-in-arcos-dorados/" rel="attachment wp-att-849"><img class="aligncenter  wp-image-849" title="Tokyo Express in Arcos Dorados" src="http://candlewaveblog.com/wp-content/uploads/2012/02/Tokyo-Express-in-Arcos-Dorados.jpg" alt="" width="630" height="542" /></a></p>
<p>The “Tokyo Express” is a variation of the “Morning Star” Reversal Warning Pattern.  Whereas the “Tokyo Express” contains two “Stars” situated between the tall black candle and the tall white candle, the “Morning Star” contains only one of them.  I recognize the “Tokyo Express” pattern as an individual, separate, and legitimate Japanese Candlestick Reversal Warning Pattern in its own right, not merely as a variation of the “Morning Star” pattern.</p>
<p>William Kurtz</p>
<p><a href="http://www.candlesticksonsteroids.com/">http://www.CandlesticksOnSteroids.com</a></p>
<p>February 9, 2012</p>
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		<title>Candlestick Reversal Pattern in Gold; Divergence From Platinum</title>
		<link>http://candlewaveblog.com/stock-market/candlestick-reversal-pattern-in-gold-divergence-from-platinum-4/</link>
		<comments>http://candlewaveblog.com/stock-market/candlestick-reversal-pattern-in-gold-divergence-from-platinum-4/#comments</comments>
		<pubDate>Wed, 07 Dec 2011 16:56:24 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Japanese Candlesticks]]></category>
		<category><![CDATA[Stock Market]]></category>
		<category><![CDATA[candlestick chart]]></category>
		<category><![CDATA[candlestick charts]]></category>
		<category><![CDATA[Candlestick Patterns]]></category>
		<category><![CDATA[candlesticks patterns]]></category>

		<guid isPermaLink="false">http://candlewaveblog.com/?p=579</guid>
		<description><![CDATA[<p>The price bar of Gold for the month of September 2011 is arguably a Japanese Candlestick “Bearish Engulfing” price bar, whereby the Real Body (being the price distance between the Open and the Close) of the September price bar  engulfed the Real Body of the August price bar.  This pattern is understood to have bearish [...]]]></description>
			<content:encoded><![CDATA[<p>The price bar of Gold for the month of September 2011 is arguably a Japanese Candlestick “Bearish Engulfing” price bar, whereby the Real Body (being the price distance between the Open and the Close) of the September price bar  engulfed the Real Body of the August price bar.  This pattern is understood to have bearish implications.  Further, the September price bar displays an “Outside-Down Reversal Month” in “Western” terminology.  Based upon these pieces of evidence, we can reasonably anticipate that the price of Gold will enter a decline.</p>
<p>I would like to show you an interesting little exercise – the price history of Gold compared to the price history of Platinum.</p>
<p>&nbsp;</p>
<p><a href="http://candlewaveblog.com/stock-market/candlestick-reversal-pattern-in-gold-divergence-from-platinum-4/attachment/gold-monthly-iii-dec-2011_1/" rel="attachment wp-att-628"><img class="aligncenter size-full wp-image-628" title="Gold Monthly III Dec 2011_1" src="http://candlewaveblog.com/wp-content/uploads/2011/12/Gold-Monthly-III-Dec-2011_1.jpg" alt="" width="500" height="400" /></a></p>
<p>&nbsp;</p>
<p><a href="http://candlewaveblog.com/stock-market/candlestick-reversal-pattern-in-gold-divergence-from-platinum-4/attachment/platinum-monthly-dec-2011_1/" rel="attachment wp-att-633"><img class="aligncenter size-full wp-image-633" title="Platinum Monthly Dec 2011_1" src="http://candlewaveblog.com/wp-content/uploads/2011/12/Platinum-Monthly-Dec-2011_1.jpg" alt="" width="500" height="400" /></a></p>
<p>Both of them are used extensively in the manufacture of jewelry, and of bullion and coins as Money.  Historically, Platinum has been more expensive to buy than Gold.  It is found in the earth’s crust, but it is even rarer there than Gold.  Whereas Gold has few industrial uses, Platinum is highly valued as a catalyst – that is, the ability to induce chemical changes in materials which surround it, while remaining unchanged itself.  One of its major applications in the modern day is in catalytic converters in automobile exhaust systems.  It doesn’t take much of it in order for it to do its job there, but it surely does enter into the retail price of the car.</p>
<p>The attached Monthly chart of Platinum shows a price spike to about $2250 per ounce in March 2008.  This was at a time when Russia, a major source of Platinum, for reasons of its own had restricted exportation of platinum, which resulted in an anomaly in pricing and caused real problems for automobile manufacturers worldwide.  However, it is said that &#8220;high prices cure high prices,” which came true this time as alternative sources or substitute materials (such as Palladium) were found, and the “squeeze” collapsed into the much lower price of about $900 in October 2008.</p>
<p>From October 2008 to January 2010, the price of Platinum increased to about $1550 on a slow gradient which, for the present purpose, I assume reflected the normal operation of the supply-demand equation.  Thereafter, the price dropped slightly and then increased slowly to a peak late in 2011, when it fell sharply (following a Bearish Engulfing Candlestick monthly price bar of its own) to the present price of about $1550 – the same as it was almost two years ago.</p>
<p>The price of Gold has followed a different trajectory.  Gold spiked in March 2008, as Platinum did, but to a much lesser extent, and likewise fell to a Low in October 2008.  It also moved in tandem with Platinum in a slow rise, to about $1100 in January 2010.  Note that  (without giving undue credence to the anomalous spike in Platinum in March 2008) Platinum was more expensive than Gold.  Since January 2010, the price of Platinum has stayed relatively level right through to today, whereas the price of Gold has risen dramatically from January 2010 until now – and Gold is now more expensive than Platinum!</p>
<p>This is abnormal.  What’s going on here?</p>
<p>The answer is that, with respect to Gold, since about January 2010 it has been bought, and continues to be bought, as an expression of emotional impulse, both by individuals and by Governments; wherein the law of supply and demand no longer applies.  Since about January 2010 until today, Gold has been bought and sold and continues to be bought and sold more akin to the buying and selling of stocks, which is largely an emotional exercise, rather than akin to the buying and selling of commodities, which after all they are.  Gold has been the subject of a mania, not unlike the “South Seas Bubble” and the “Tulip Bulb Craze” of long ago.</p>
<p>The trouble with manias is that they always ultimately collapse.</p>
<p>The present upside-down relationship between the price of Gold and the price of Platinum is an abnormality, an unnatural condition, which ultimately will be corrected by a decline in the price of Gold to a point at which it will broadly reflect the historical price relationship between Gold and Platinum, in which Platinum will be the more expensive of the two.  The Bearish Engulfing Candlestick and the Outside-Down Reversal Month of September 2011 in Gold provide an inkling that it is going to happen.</p>
<p>&nbsp;</p>
<p>William Kurtz</p>
<p>CandleWave, LLC</p>
<p><a href="http://www.candlesticksonsteroids.com/">http://www.CandlesticksOnSteroids.com</a></p>
<p>&nbsp;</p>
<p style="text-align: center;"><a href="http://candlewaveblog.com/stock-market/candlestick-reversal-pattern-in-gold-divergence-from-platinum-4/attachment/gold-monthly-iii-dec-2011_1/" rel="attachment wp-att-628"><br />
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		<title>Candlestick “Evening Star” Reversal Patterns in the Dow and NYSE Composite</title>
		<link>http://candlewaveblog.com/stock-market/candlestick-evening-star-reversal-patterns-in-the-dow-and-nyse-composite/</link>
		<comments>http://candlewaveblog.com/stock-market/candlestick-evening-star-reversal-patterns-in-the-dow-and-nyse-composite/#comments</comments>
		<pubDate>Wed, 02 Nov 2011 14:19:38 +0000</pubDate>
		<dc:creator>Bill Kurtz</dc:creator>
				<category><![CDATA[Japanese Candlesticks]]></category>
		<category><![CDATA[Stock Market]]></category>
		<category><![CDATA[Black Candle]]></category>
		<category><![CDATA[Candlestick Patterns]]></category>
		<category><![CDATA[Deference]]></category>
		<category><![CDATA[Dow Industrials]]></category>
		<category><![CDATA[Evening Star]]></category>
		<category><![CDATA[Indecision]]></category>
		<category><![CDATA[japanese candlestick]]></category>
		<category><![CDATA[November 2]]></category>
		<category><![CDATA[Nyse]]></category>
		<category><![CDATA[October 31]]></category>
		<category><![CDATA[Price Decline]]></category>
		<category><![CDATA[Reversal Patterns]]></category>
		<category><![CDATA[Stair Step]]></category>
		<category><![CDATA[Step Fashion]]></category>
		<category><![CDATA[Uptrend]]></category>
		<category><![CDATA[William Kurtz]]></category>

		<guid isPermaLink="false">http://candlewaveblog.com/?p=513</guid>
		<description><![CDATA[<p>The Japanese Candlestick “Evening Star” Reversal Warning Pattern appears fairly frequently; and when it does appear, we pay it due deference because it is uncommonly predictive of a price decline when it arises at the top of a long uptrend.  It has appeared now, on October 31, 2011, in the Daily charts of the Dow [...]]]></description>
			<content:encoded><![CDATA[<p>The Japanese Candlestick “Evening Star” Reversal Warning Pattern appears fairly frequently; and when it does appear, we pay it due deference because it is uncommonly predictive of a price decline when it arises at the top of a long uptrend.  It has appeared now, on October 31, 2011, in the Daily charts of the Dow Industrials and of the NYSE Composite.</p>
<p>The “Evening Star” is characterized by a tall white candle, signifying a strong “Up” day; then by a small candle (the “Star”) at or near the top of the tall white candle, signifying indecision; and finally by a tall black candle, signifying a strong “Down” day.  All of this means that the mood of the traders has shifted from strongly bullish to strongly bearish.</p>
<p>If past history is any guide (and in this case it usually is), we can expect that prices of the Dow Industrials and of the NYSE Composite will decline quite strongly, probably in stair-step fashion.</p>
<p>William Kurtz</p>
<p>CandleWave, LLC</p>
<p><a href="http://CandleWave.com">http://CandleWave.com</a><br />
<a href="http://www.Candelaabra.com">http://www.Candelaabra.com</a></p>
<p>November 2, 2011</p>
<p><img src="http://www.candlewaveblog.com/wp-content/uploads/2011/10/Dow-Oct-31-2011.jpg" alt="Dow Oct. 31, 2011" /></p>
<p><img src="http://www.candlewaveblog.com/wp-content/uploads/2011/10/NYSE-Composite-Oct-31-2011.jpg" alt="NYSE Composite Oct. 31, 2011" /></p>
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		<title>Unorthodox Candlestick Reversal Patterns</title>
		<link>http://candlewaveblog.com/stock-market/unorthodox-candlestick-reversal-patterns/</link>
		<comments>http://candlewaveblog.com/stock-market/unorthodox-candlestick-reversal-patterns/#comments</comments>
		<pubDate>Tue, 30 Aug 2011 20:34:14 +0000</pubDate>
		<dc:creator>Bill Kurtz</dc:creator>
				<category><![CDATA[Stock Market]]></category>
		<category><![CDATA[Black Candle]]></category>
		<category><![CDATA[Combinations]]></category>
		<category><![CDATA[Evening Star]]></category>
		<category><![CDATA[Hammer]]></category>
		<category><![CDATA[Indecision]]></category>
		<category><![CDATA[Investment Community]]></category>
		<category><![CDATA[Investors]]></category>
		<category><![CDATA[Japanese Candlestick Patterns]]></category>
		<category><![CDATA[Morning Star]]></category>
		<category><![CDATA[Price Decline]]></category>
		<category><![CDATA[Relationship]]></category>
		<category><![CDATA[Reversal Patterns]]></category>
		<category><![CDATA[Reversals]]></category>
		<category><![CDATA[Shooting Star]]></category>
		<category><![CDATA[Trend Reversal]]></category>

		<guid isPermaLink="false">http://candlewaveblog.com/?p=476</guid>
		<description><![CDATA[<p>It is becoming better-appreciated every day in the investment community that certain Japanese Candlestick patterns have a particular power to forecast reversals of trend. Some of these patterns are composed of a single price bar, while others are combinations of several price bars. In the case of the “singles,” such as the Hammer and the [...]]]></description>
			<content:encoded><![CDATA[<p>It is becoming better-appreciated every day in the investment community that certain Japanese Candlestick patterns have a particular power to forecast reversals of trend. Some of these patterns are composed of a single price bar, while others are combinations of several price bars. In the case of the “singles,” such as the Hammer and the Shooting Star, their locational relationship to adjacent price bars makes all the difference.</p>
<p>The Hammer, for example, appears at the bottom end of a long price decline. The Real Body of its price bar (i.e., the price difference between the Open and the Close) appears as a “fattened-out” part of the price bar, at or very near the top of the bar and relatively small in relation to the total height of the bar. The Shooting Star appears as an inverse Hammer, at the top of a long price advance and preferably above recent price bars. Its Real Body is relatively small in relation to the total height of the bar, and is at or very near the bottom of the bar.</p>
<p>The Hammer and the Shooting Star are quite frequently seen. Very often, they live up to their billing as predictors of trend reversal. In the case of the Hammer, it will often be followed by an advance in prices; and in the case of the Shooting Star, by a decline.</p>
<p>Other Candlestick reversal patterns are composed of multiple price bars. Well-known examples are the Morning Star and the Evening Star, which are inverses of each other. These two are composed of three price bars in a row. The Morning Star will appear at the bottom end of a long price decline. It is characterized by a tall black candle, depicting a strong “down” day, then a small candle containing a small Real Body (the “Star”) located below, at, or near the bottom of the tall black candle, indicating “indecision,” and then by a tall white candle, depicting a strong “up” day and, obviously, a change of investors’ mind from bearish to bullish. The Evening Star is the inverse: it appears at the top of a long uptrend and features a tall white candle, then a small candle with a small Real Body at or near the top of the tall white candle, and finally a tall black candle indicating a strong “down” day and a change of mind from bullish to bearish.</p>
<p>Historically, variations of the Morning Star and of the Evening Star which contain more than three price bars have been treated as afterthoughts at best, and as irrelevant or powerless at worst. I have discovered that the contrary is true: these unorthodox reversal patterns are powerful, and they deserve recognition as legitimate and separate Candlestick reversal patterns in their own right.</p>
<p>For example, a four-bar pattern appeared in March 2009 at the bottom of a long downtrend in the Dow Industrials. I recognized it as a variation of the Morning Star, and speculated that it contained all of the trend reversal characteristics of the Morning Star. My hunch came true, as this unorthodox pattern turned out to be the precursor of the Great Rally of 2009, which retraced almost 70% of the previous decline and finally ended on May 2, 2011. I’ve given this unorthodox reversal pattern the name “Tokyo Express.”</p>
<p>The inverse of the “Tokyo Express” appeared in August 2009 at the top of an uptrend in the British Pound. As expected, it was composed of a tall white bar which indicated a strong “Up” day, then three small “Stars” near the top of the tall white bar, and finally a tall black candle indicating a strong “Down” day and a change in sentiment from bullish to bearish. The pattern was followed by a strong selloff. I’ve given this one the name “Osaka Clipper.”</p>
<p>There are other variations of the Morning Star and of the Evening Star containing more than three Stars between the tall white and black Candles, which act as “bookends” of the patterns. Some of these other variations have been discovered in real life, while some have yet to be found in the charts. Examples are displayed in my book “Candlesticks For Brighties.”</p>
<p>William Kurtz</p>
<p>August 30, 2011</p>
<p><a href="http://www.CandlesticksForBrighties.com">http://www.CandlesticksForBrighties.com</a></p>
<p><a href="http://www.Candelaabra.com">http://www.Candelaabra.com</a></p>
<p>&nbsp;</p>
<p><img src="http://img836.imageshack.us/img836/4924/tokyoexpressmarch2009z.jpg" alt="Image Hosted by ImageShack.us" /><br />
<img src="http://img706.imageshack.us/img706/7770/osakaclipperbrpoundaug2.jpg" alt="Image Hosted by ImageShack.us" /></p>
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		<title>Make Or Break Time In The Stock Indexes</title>
		<link>http://candlewaveblog.com/stock-market/make-or-break-time-in-the-stock-indexes-3/</link>
		<comments>http://candlewaveblog.com/stock-market/make-or-break-time-in-the-stock-indexes-3/#comments</comments>
		<pubDate>Fri, 08 Apr 2011 03:49:16 +0000</pubDate>
		<dc:creator>Bill Kurtz</dc:creator>
				<category><![CDATA[Stock Market]]></category>
		<category><![CDATA[April]]></category>
		<category><![CDATA[Break]]></category>
		<category><![CDATA[Decline]]></category>
		<category><![CDATA[Diminution]]></category>
		<category><![CDATA[Dow Index]]></category>
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		<category><![CDATA[William Kurtz]]></category>

		<guid isPermaLink="false">http://candlewaveblog.com/?p=465</guid>
		<description><![CDATA[<p>The Dow Industrials Index embarked upon what should be its final “power wave” on March 17, 2011. The Index surpassed its February 18 High (although the S&#038;P 500 has not). After the first three days of a spirited rise, the Dow’s upward momentum began to tail off. The diminution of momentum has now progressed to [...]]]></description>
			<content:encoded><![CDATA[<p>The Dow Industrials Index embarked upon what should be its final “power wave” on March 17, 2011.  The Index surpassed its February 18 High (although the S&#038;P 500 has not).  After the first three days of a spirited rise, the Dow’s upward momentum began to tail off.  The diminution of momentum has now progressed to the point at which the Index has formed the beginnings of a “rounded top.”<br />
The Dow closed Down more than 17 points today, leaving yesterday’s High in place.<br />
If the Dow were to rise to 12541 before stopping, that would be a natural point for a top and a reversal because it would mark the 78.6% retracement level of its decline from the all-time High of October 2007 to the Low of early March 2009.  That particular percentage is one that is dictated by Nature, not by humans, and is one of a stable of natural reversal levels that we very often see.<br />
The Dow had stopped rising at another one that stable of levels – 61.8% &#8211; in April 2010, which led us to believe that the Great Rally probably had ended at that point.  However, the market had other ideas; whereupon it has set out on a voyage which appears to have the 78.6% retracement level as its target.<br />
It isn’t there yet, but it is only about 130 points shy of it.  Now the question is, in spite of the diminution of momentum that we see, as evidenced by the developing rounded top, and in spite of the slight selloff today, will the Dow now find enough energy to rise to the 78.6% retracement level before calling it a day?<br />
William Kurtz<br />
April 8, 2011</p>
<p>http://www.CandleWave.com</p>
<p>http://www.Candelaabra.com</p>
<p>http://www.CandlesticksForBrighties.com</p>
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		<title>Make Or Break Time In The Stock Indexes</title>
		<link>http://candlewaveblog.com/stock-market/make-or-break-time-in-the-stock-indexes-2/</link>
		<comments>http://candlewaveblog.com/stock-market/make-or-break-time-in-the-stock-indexes-2/#comments</comments>
		<pubDate>Fri, 08 Apr 2011 03:36:31 +0000</pubDate>
		<dc:creator>Bill Kurtz</dc:creator>
				<category><![CDATA[Stock Market]]></category>
		<category><![CDATA[April]]></category>
		<category><![CDATA[Break]]></category>
		<category><![CDATA[Decline]]></category>
		<category><![CDATA[Diminution]]></category>
		<category><![CDATA[Dow Index]]></category>
		<category><![CDATA[Dow Industrials]]></category>
		<category><![CDATA[March 17]]></category>
		<category><![CDATA[Power Wave]]></category>
		<category><![CDATA[Rally]]></category>
		<category><![CDATA[Selloff]]></category>
		<category><![CDATA[Spite]]></category>
		<category><![CDATA[Stable]]></category>
		<category><![CDATA[Stock Index]]></category>
		<category><![CDATA[Stock Indexes]]></category>
		<category><![CDATA[Target]]></category>
		<category><![CDATA[Upward Momentum]]></category>
		<category><![CDATA[William Kurtz]]></category>

		<guid isPermaLink="false">http://candlewaveblog.com/?p=463</guid>
		<description><![CDATA[<p>The Dow Industrials Index embarked upon what should be its final “power wave” on March 17, 2011. The Index surpassed its February 18 High (although the S&#038;P 500 has not). After the first three days of a spirited rise, the Dow’s upward momentum began to tail off. The diminution of momentum has now progressed to [...]]]></description>
			<content:encoded><![CDATA[<p>The Dow Industrials Index embarked upon what should be its final “power wave” on March 17, 2011.  The Index surpassed its February 18 High (although the S&#038;P 500 has not).  After the first three days of a spirited rise, the Dow’s upward momentum began to tail off.  The diminution of momentum has now progressed to the point at which the Index has formed the beginnings of a “rounded top.”<br />
The Dow closed Down more than 17 points today, leaving yesterday’s High in place.<br />
If the Dow were to rise to 12541 before stopping, that would be a natural point for a top and a reversal because it would mark the 78.6% retracement level of its decline from the all-time High of October 2007 to the Low of early March 2009.  That particular percentage is one that is dictated by Nature, not by humans, and is one of a stable of natural reversal levels that we very often see.<br />
The Dow had stopped rising at another one that stable of levels – 61.8% &#8211; in April 2010, which led us to believe that the Great Rally probably had ended at that point.  However, the market had other ideas; whereupon it has set out on a voyage which appears to have the 78.6% retracement level as its target.<br />
It isn’t there yet, but it is only about 130 points shy of it.  Now the question is, in spite of the diminution of momentum that we see, as evidenced by the developing rounded top, and in spite of the slight selloff today, will the Dow now find enough energy to rise to the 78.6% retracement level before calling it a day?<br />
William Kurtz<br />
April 8, 2011</p>
<p>http://www.CandleWave.com</p>
<p>http://www.Candelaabra.com</p>
<p>http://www.CandlesticksForBrighties.com</p>
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		<title>Make Or Break Time In The Stock Indexes</title>
		<link>http://candlewaveblog.com/stock-market/make-or-break-time-in-the-stock-indexes/</link>
		<comments>http://candlewaveblog.com/stock-market/make-or-break-time-in-the-stock-indexes/#comments</comments>
		<pubDate>Fri, 08 Apr 2011 03:25:18 +0000</pubDate>
		<dc:creator>Bill Kurtz</dc:creator>
				<category><![CDATA[Stock Market]]></category>
		<category><![CDATA[April]]></category>
		<category><![CDATA[Break]]></category>
		<category><![CDATA[Decline]]></category>
		<category><![CDATA[Diminution]]></category>
		<category><![CDATA[Dow Index]]></category>
		<category><![CDATA[Dow Industrials]]></category>
		<category><![CDATA[March 17]]></category>
		<category><![CDATA[Power Wave]]></category>
		<category><![CDATA[Rally]]></category>
		<category><![CDATA[Selloff]]></category>
		<category><![CDATA[Spite]]></category>
		<category><![CDATA[Stable]]></category>
		<category><![CDATA[Stock Index]]></category>
		<category><![CDATA[Stock Indexes]]></category>
		<category><![CDATA[Target]]></category>
		<category><![CDATA[Upward Momentum]]></category>
		<category><![CDATA[William Kurtz]]></category>

		<guid isPermaLink="false">http://candlewaveblog.com/?p=461</guid>
		<description><![CDATA[<p>The Dow Industrials Index embarked upon what should be its final “power wave” on March 17, 2011. The Index surpassed its February 18 High (although the S&#038;P 500 has not). After the first three days of a spirited rise, the Dow’s upward momentum began to tail off. The diminution of momentum has now progressed to [...]]]></description>
			<content:encoded><![CDATA[<p>The Dow Industrials Index embarked upon what should be its final “power wave” on March 17, 2011.  The Index surpassed its February 18 High (although the S&#038;P 500 has not).  After the first three days of a spirited rise, the Dow’s upward momentum began to tail off.  The diminution of momentum has now progressed to the point at which the Index has formed the beginnings of a “rounded top.”</p>
<p>The Dow closed Down more than 17 points today, leaving yesterday’s High in place.</p>
<p>If the Dow were to rise to 12541 before stopping, that would be a natural point for a top and a reversal because it would mark the 78.6% retracement level of its decline from the all-time High of October 2007 to the Low of early March 2009.  That particular percentage is one that is dictated by Nature, not by humans, and is one of a stable of natural reversal levels that we very often see.</p>
<p>The Dow had stopped rising at another one that stable of levels – 61.8% &#8211; in April 2010, which led us to believe that the Great Rally probably had ended at that point.  However, the market had other ideas; whereupon it has set out on a voyage which appears to have the 78.6% retracement level as its target.</p>
<p>It isn’t there yet, but it is only about 130 points shy of it.  Now the question is, in spite of the diminution of momentum that we see, as evidenced by the developing rounded top, and in spite of the slight selloff today, will the Dow now find enough energy to rise to the 78.6% retracement level before calling it a day?</p>
<p>William Kurtz<br />
April 8, 2011</p>
<p>http://www.CandleWave.com</p>
<p>http://www.Candelaabra.com</p>
<p>http://www.CandlesticksForBrighties.com</p>
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		<title>Understanding Candlesticks:  Here’s the Key</title>
		<link>http://candlewaveblog.com/stock-market/understanding-candlesticks-here%e2%80%99s-the-key/</link>
		<comments>http://candlewaveblog.com/stock-market/understanding-candlesticks-here%e2%80%99s-the-key/#comments</comments>
		<pubDate>Wed, 12 May 2010 17:51:54 +0000</pubDate>
		<dc:creator>Bill Kurtz</dc:creator>
				<category><![CDATA[Stock Market]]></category>
		<category><![CDATA[Candlestick Analysis]]></category>
		<category><![CDATA[Relationship]]></category>
		<category><![CDATA[Spinning Top]]></category>
		<category><![CDATA[Variation]]></category>
		<category><![CDATA[William Kurtz]]></category>

		<guid isPermaLink="false">http://candlewaveblog.com/?p=436</guid>
		<description><![CDATA[<p>Once you understand this basic concept, you will understand what Candlestick analysis is all about. The “Classic” Spinning Top is customarily shown with a relatively small Real Body and relatively small Shadows protruding from it, above and below. Of course, the size of the Real Body, the size of the Shadows, and the relationship of [...]]]></description>
			<content:encoded><![CDATA[<p>Once you understand this basic concept, you will understand what Candlestick analysis is all about.<br />
<br id="_mcePaste" />The “Classic” Spinning Top is customarily shown with a relatively small Real Body and relatively small Shadows protruding from it, above and below.<br />
<br id="_mcePaste" />Of course, the size of the Real Body, the size of the Shadows, and the relationship of the Real Body to the Shadows varies from price bar to price bar.<br />
<br id="_mcePaste" />Here’s the key:  Other than a “Classic” Spinning Top, every inbridual Candlestick price bar is a variation on a “Classic” Spinning Top.<br />
<br id="_mcePaste" />Stop for a moment and think about it.  It’s true!<br />
<br id="_mcePaste" />Once you grasp that concept, you will understand what the Candlesticks are all about; and that understanding will remain with you always.<br />
<br id="_mcePaste" />William Kurtz</p>
<p>May 12, 2010<br id="_mcePaste" />http://www.candlewave.com<br id="_mcePaste" />http://candelaabra.com<br id="_mcePaste" />http://candelaabrablog.com</p>
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		<title>CandleWave and Hawkeye Traders Present Trading From Start to Finish</title>
		<link>http://candlewaveblog.com/financial/candlewave-and-hawkeye-traders-present-trading-from-start-to-finish/</link>
		<comments>http://candlewaveblog.com/financial/candlewave-and-hawkeye-traders-present-trading-from-start-to-finish/#comments</comments>
		<pubDate>Wed, 28 Apr 2010 02:38:25 +0000</pubDate>
		<dc:creator>Bill Kurtz</dc:creator>
				<category><![CDATA[Commodities]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[Forex]]></category>
		<category><![CDATA[Japanese Candlesticks]]></category>
		<category><![CDATA[Stock Market]]></category>
		<category><![CDATA[Commodity]]></category>
		<category><![CDATA[Defense Strategies]]></category>
		<category><![CDATA[Eastern Daylight Time]]></category>
		<category><![CDATA[Evenings]]></category>
		<category><![CDATA[Financial Destiny]]></category>
		<category><![CDATA[Investment Dollars]]></category>
		<category><![CDATA[Investment Portfolio]]></category>
		<category><![CDATA[Last Thursday]]></category>
		<category><![CDATA[Market Direction]]></category>
		<category><![CDATA[Money Managers]]></category>
		<category><![CDATA[New Highs]]></category>
		<category><![CDATA[Rebound]]></category>
		<category><![CDATA[Selloff]]></category>
		<category><![CDATA[Stock Index]]></category>
		<category><![CDATA[Street Money]]></category>
		<category><![CDATA[Webinar]]></category>
		<category><![CDATA[Webinars]]></category>
		<category><![CDATA[William Kurtz]]></category>
		<category><![CDATA[Www1]]></category>

		<guid isPermaLink="false">http://candlewaveblog.com/?p=431</guid>
		<description><![CDATA[<p> </p> <p> </p> <p>CandleWave and Hawkeye Traders Present</p> <p>Trading From Start to Finish &#8211; THIS EVENING!</p> <p>This is a Repeat Announcement of a Series of FREE audience-participatory Webinars which are being presented every week on Wednesday evenings through the end of May, from 8:00 PM to 9:00 PM Eastern Daylight Time.</p> <p>THE NEXT WEBINAR [...]]]></description>
			<content:encoded><![CDATA[<p><span style="font-family: Tahoma;"><span style="font-size: medium;"> </span></span></p>
<p><span style="font-family: Tahoma;"> </span></p>
<p>CandleWave and Hawkeye Traders Present</p>
<p>Trading From Start to Finish &#8211; THIS EVENING!</p>
<p>This is a Repeat Announcement of a Series of FREE audience-participatory Webinars which are being presented every week on Wednesday evenings through the end of May, from 8:00 PM to 9:00 PM Eastern Daylight Time.</p>
<p>THE NEXT WEBINAR WILL BE PRESENTED THIS EVENING, WEDNESDAY MAY 12, AT 8:00 PM EASTERN DAYLIGHT TIME.</p>
<p>WE WILL BE DISCUSSING LAST THURSDAY&#8217;S HUGE SELLOFF IN THE STOCK MARKET, AND THE REBOUND SINCE THEN.  WE WILL TALK ABOUT THE NEW HIGHS IN GOLD AND IN SILVER; ABOUT THE EURO AND THE POUND &#8211; and about many other subjects, too.</p>
<p>REGISTER NOW AT <a href="https://www1.gotomeeting.com/register/163807353">https://www1.gotomeeting.com/register/163807353</a></p>
<p>Confirmation and information will arrive shortly in your inbox.</p>
<p>SEND IN YOUR QUESTIONS DURING THE WEBINAR!</p>
<p>Welcome to the CandleWave and Hawkeye Traders Equities Webinars.  William Kurtz will be discussing equity entries and general market direction based on Candelaabra techniques.  From Bill&#8217;s entries, Anthony Begin will provide exit and defense strategies utilizing Hawkeye ChartTools.  Together, Bill and Anthony will instruct traders and investors alike regarding specific areas of entry and how to manage the position to take full advantage of profit potential and protection against risk in every position.  It is time for you to take control of your own investment portfolio and stop allowing Wall Street money managers to get rich off your investment dollars.  We are here to provide you the tools and the necessary training for you to feel secure and confident in your abilities to control your own financial destiny.</p>
<p>Thank you for registering!  We look forward to your joining us THIS EVENING at 8:00 PM EDT.</p>
<p>DON&#8217;T FORGET TO SUBMIT YOUR QUESTIONS DURING THE WEBINAR THIS EVENING!  We invite your active participation.  IF YOU HAVE A QUESTION ABOUT A PARTICULAR STOCK, INDEX, CURRENCY, OR COMMODITY &#8211; PLEASE LET US KNOW &#8211; AND WE WILL RESPOND RIGHT AWAY, DURING THE WEBINAR.</p>
<p>Sincerely,</p>
<p>William Kurtz<br />
Anthony Begin</p>
<p>IF YOU HAVEN&#8217;T ALREADY DONE SO,</p>
<p>REGISTER NOW AT https://www1.gotomeeting.com/register/163807353</p>
<p>Once you have registered, you will receive an email confirming your registration with information that you will need in order to join the Webinars.</p>
<p>System Requirements:</p>
<p>PC-based attendees</p>
<p>Required:  Windows® 7, Vista, XP, 2003 Server or 2000</p>
<p>Macintosh®-based attendees</p>
<p>Required: Mac OS® X 10.4.11 (Tiger® or newer</p>
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		<title>Bearish Engulfing Candlestick Pattern in the Dow Transports</title>
		<link>http://candlewaveblog.com/stock-market/bearish-engulfing-candlestick-pattern-in-the-dow-transports/</link>
		<comments>http://candlewaveblog.com/stock-market/bearish-engulfing-candlestick-pattern-in-the-dow-transports/#comments</comments>
		<pubDate>Mon, 19 Apr 2010 17:03:36 +0000</pubDate>
		<dc:creator>Bill Kurtz</dc:creator>
				<category><![CDATA[Stock Market]]></category>
		<category><![CDATA[Black Candle]]></category>
		<category><![CDATA[Candles]]></category>
		<category><![CDATA[Candlestick Pattern]]></category>
		<category><![CDATA[candlesticks]]></category>
		<category><![CDATA[Dow Transports]]></category>
		<category><![CDATA[Light Switch]]></category>
		<category><![CDATA[Precursor]]></category>
		<category><![CDATA[Selloff]]></category>
		<category><![CDATA[Sentiment]]></category>
		<category><![CDATA[Uptrend]]></category>
		<category><![CDATA[William Kurtz]]></category>

		<guid isPermaLink="false">http://candlewaveblog.com/?p=426</guid>
		<description><![CDATA[<p>Following a strong three-wave countertrend upmove which began on February 8, 2010, the Dow Transports have put on display a nearly-perfect Candlestick Bearish Engulfing Pattern.</p> <p>This example is easy to spot. After two strong white Candles (signifying “up” days) at a logical end to a long uptrend, the tall black Candle (signifying a “down” day) [...]]]></description>
			<content:encoded><![CDATA[<p>Following a strong three-wave countertrend upmove which began on February 8, 2010, the Dow Transports have put on display a nearly-perfect Candlestick Bearish Engulfing Pattern.</p>
<p>This example is easy to spot. After two strong white Candles (signifying “up” days) at a logical end to a long uptrend, the tall black Candle (signifying a “down” day) nearly completely engulfed the white bar which preceded it.</p>
<p>If history is any guide, this bearish two-bar pattern is the precursor of a strong selloff in the Transports Index.</p>
<p>Nothing comes close to the Candlesticks in revealing the underlying sentiment of the traders, as a group. In this example, we see that sentiment switched from Up to Down, just as if a light switch had been turned off.</p>
<p>Please maximize the chart so that you can see everything.</p>
<p>William Kurtz</p>
<p>April 20, 2010</p>
<p>http://www.candlewave.com</p>
<p>http://www.candelaabra.com</p>
<p>http://www.candelaabrablog.com</p>
<p>info@candlewave.com</p>
<p><img src="http://img245.imageshack.us/img245/7240/bearishengulfingpattern.jpg" alt="" /></p>
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