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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 [...] 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 [...] The “Kobe Cruiser” Unorthodox Japanese Candlestick Reversal Pattern ignited a re-start of the Great Rally in July 2009. This bullish pattern is a variation of the familiar “Morning Star,” which features a tall black candle (signifying a strong Down day), followed by a small Star at or near the bottom of the tall black candle, [...] Technical Analysts who do not work with Japanese Candlesticks probably will completely miss these important reversal signals. Last week (the week ending on March 11, 2011) was a Key Reversal Week in the Dow Industrials, the S&P 500, the S&P 100, the S&P 400, the S&P 600, the NASDAQ Composite, the NASDAQ 100, and the [...] You know that I pay a lot of attention to Reversals of Trend and to Retracements. Reversals are easy enough to understand and to see on a chart; they occur when prices which have been trending either up or down suddenly stop going in that direction and do a fast turnaround and go in the [...] |
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