|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
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 [...] October 16, 2009 – Traders on the USA Exchanges pushed, shoved, grunted, and shoved some more, but it didn’t work. They wanted in the worst way to make the Dow Industrials close above 10000, all to no avail, as the Dow closed at just below 9996 today. So we’re still beneath that psychological barrier. It’s [...] |
||||||||||||||||||||||||||||||||||||||||||||||||||
|
Copyright © 2012 CandleWaveBlog.com - All Rights Reserved |
|||||||||||||||||||||||||||||||||||||||||||||||||||
