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A day later, we can see that the Japanese Candlestick Reversal Pattern is beginning to produce bearish fruit. Prices are clearly lower. They appear (at the moment) to be forming a “1,2 – 1,2 (down, up – down, up”) series; and the wave now in formation may be a “third wave down” which ought to [...]  Today’s “Osaka Clipper” Japanese Candlestick Trend Reversal Warning Pattern in the 60-minute chart of the Dow Industrials, and the Dow High of 13004.97 that was an integral part of it, may have marked the top end of the rally which began on October 4, 2012 as well as “Wave 2 Up of Primary Degree” in [...] A Japanese Candlestick Bullish Engulfing Trend Reversal Warning Pattern arose in a certain issue of Bank of America shares in late December 2011/early January 2012. At the bottom of an extended downtrend, a tall white Candlestick price bar emerged, the “Real Body” of which (that is, the price distance between the Opening price and the [...] 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. The shares of Arcos Dorados Holdings had been [...] The “Hammer” is a very reliable Japanese Candlestick Reversal Warning Pattern. It is called a “Hammer” because it looks like one! It appears at the bottom of an extended downtrend. It is a bullish signal. Oftentimes, it will ignite a substantial price rise, as it did in this example of Amerisafe shares. The “Real Body” [...] Here is a beautiful example of the power of typical Retracement Levels to stop price advances in their tracks, and then to send them in the other direction. The Candlestick presentation makes the example exceptionally clear. We often see retracements in countertrend moves stopping at one of several typical levels – 78.6% of the initial [...] Las Vegas is Welcomed at the Door of Pension Fund Management. “Make It All Back by Doubling Down.” Right. Make a photocopy of your next pension check. Then frame it, put it in a safe place, and be ready to retrieve it and hang it on the wall as a memento of days gone by. [...] Bearish Candlestick Pattern in Russell 2000 Index Foretells Decline in Prices We have been waiting a long time for a top in the Great Rally of 2009, which represents neither a “recovery” nor a resumption of the old bull market. Rather, it has been an upside correction of the bear market which began in October [...] Candlestick “Doji” Reversal Pattern Makes Us Stop and Think The Dow Industrials and the other major Indexes were up slightly today, including the NASDAQ Composite. The Industrials appear to be faltering. The Candlestick pattern in the NASDAQ causes us to stop and consider its implications. This particular pattern is a “High-Wave Doji,” which we recognize [...] A New Low in the Dollar Index is Good News for the U.S. Dollar The Dollar Index compares the value of the U.S. Dollar with a “basket” of foreign currencies. In overseas trading early on October 20, 2009, the Dollar Index made a new Low. Assuming that one desires the value of the U.S. Dollar [...] |
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