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This does not look healthy. Apple Inc. shares closed Down $3.46 today; and in doing so, price action left behind a classic Japanese Candlestick “Bearish Engulfing” pattern. The “Real Body” of the tall black candle “bearishly engulfed” the “Real Bodies” of the eight price bars which preceded it. This pattern, or one almost exactly the [...]  Our immediate attention is commanded. On March 16, 2012, two Japanese Candlestick Trend Reversal Warning Patterns which appear to be of major importance appeared in the 30-minute chart of the Dow Industrials. If the implications of these patterns are borne out in the passage of time, the stock market will suffer a disastrous loss even [...] What is arguably a Japanese Candlestick “Inverted Hammer” Reversal Pattern developed in the Daily chart of TLT shares today, at the bottom of a downtrend. The more compelling argument for a Reversal is found in the Indicators. TLT shares are a fairly good proxy for Treasury Bonds. Most often, the direction of price action in [...] Today, the Dow sparked to a new High at 13037.37; but at the end of the day prices had formed a Japanese Candlestick Bearish Engulfing Pattern, which, as the name implies, is a bearish warning. In this example, the Real Body of the tall black candle completely engulfed the Real Bodies of the four price [...] To the best of my knowledge, the Japanese Candlestick “Waterfall” Trend Reversal Warning Pattern is not shown or discussed in any of the literature. Still, I have seen it often enough, and I have seen it “work” often enough when it appears at the top of a persistent uptrend if, at the same time, evidence [...] 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 [...] “Unique Triple Doji” Appears Again In “Japanese Candlestick” parlance, a “Doji” price bar is one in which the Open and the Close of prices during that particular time frame are the same, or very nearly so. The Doji is considered to be a powerful warning of a possible trend reversal when it appears at the [...] The progression of major up-and-down price movements in the Dow Industrials following the High of 2000 has been the same as that which followed the High of 1929 – except that, this time, the amplitude of the waves has been much greater, and the length of time expended in their development has been much greater, [...] 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&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 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&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 [...] |
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