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The Candlesticks “Shooting Star” Pattern in Crude Oil Didn’t Disappoint, After All Yesterday, we noted here the appearance of a classic, perfect Japanese Candlestick “Shooting Star” pattern in the April contract of Crude Oil. The Shooting Star is generally recognized as a very bearish indication of the future course of price action. We usually look [...]  Japanese Candlestick “Shooting Star” Pattern Warns of Possible Price Selloff Of all of the Candlestick reversal patterns, the “Shooting Star” is regarded as one of the most potent and most reliable. We have a perfect example of the Shooting Star in Crude Oil yesterday, March 9. One could hardly wish ever to see a better [...] A Perfect Japanese Candlestick “Shooting Star” in Crude Oil Today – Let’s See Whether It Works There are several price patterns in Japanese Candlestick theology which are considered to be quite reliable. Among them is the “Shooting Star” pattern, in which the total price action of the particular time period lies well above the price [...] Did The Candlesticks Tell Us Today That There Is Light At The End Of The Tunnel? The investing world has watched in horrified fascination, week after week, as the stock indexes have continued down a slippery slope all the way down to 6627 on the Dow Industrials. With only the briefest of respites, the trend [...] In Commodities, Timing is Everything There are two articles in he paper this morning about Crude Oil. One article tells us that the world is awash in Crude Oil, and that the world is running out of places to store it. The second article urges us to buy an oil Exchange Traded Fund right now, [...] Black Candlesticks Give Me the Creeps Over the past 14 days or so, the persistent decline in the various Indexes has been there for all to see in the form of black candlesticks. We usually think of black as a bearer of bad tidings anyway; and this time was no exception. A black candlestick [...] One major difference between Steaks and Stocks When the price of Steaks increases, the demand for Steaks declines. When the price of Steaks declines, the demand for Steaks increases. So, the lower the price of a Steak, the more appealing it is. However: When the price of Stocks increases, the demand for Stocks increases. When [...] Candlesticks and Indicators Foretold the Rollover in Gold We have been saying for many weeks now that Gold was coming into a High and that it would soon turn down. The “common wisdom” had insisted that the falloff in the stock market and the general lack of confidence in the state of the economy would [...] There has been a great rush to Gold and Silver in recent weeks as the stock market falters and investors seek “safety.” The difficulty with “safety” is that it is a relative term. As the price of Silver accelerated in near-vertical fashion, it became apparent, as we watched the Indicators, that this crescendo was headed [...] One automobile-business columnist was quoted in the papers this morning as complaining that GM had fallen into a rut of its own making when it began to produce Chevrolets, Pontiacs, and Buicks which looked different from the outside but shared the same mechanical underpinnings. I’m not so sure that’s the root of the problem; rather, [...] |
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