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It is nearly a certainty that the Dow Jones Industrial Average posted a top and a reversal of trend in January 2012. The top and the reversal are illuminated by two charts of the Dow in Japanese Candlestick display. The 180-minute chart of the Dow reveals a telling, although imperfect, “Shooting Star” reversal bar. Typically, [...]  The Japanese Government has a history of intervening in the currency markets by selling the Yen and buying the US Dollar, thereby helping its domestic manufacturers by lowering the price of its exported goods in terms of the Dollar. The attached Japanese Candlestick chart of the USD-JPY currency pair depicts a strong surge in the [...] The attached chart of the NYSE Composite depicts two Japanese Candlestick Trend Reversal Patterns – the Evening Star and the Morning Star. The Evening Star pattern appears at the top of a long price advance. It is characterized by a tall white candle, which indicates a strong Up day; followed by a candle which exhibits [...] CandleWave and Hawkeye Traders Present Trading From Start to Finish – THIS EVENING! This is a Repeat Announcement of a Series of FREE audience-participatory Webinars which are being presented every week on Wednesday evenings through the end of May, from 8:00 PM to 9:00 PM Eastern Daylight Time. THE NEXT WEBINAR [...] 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. [...] Candlestick “Hanging Man” Plus Island Top Equals Price Decline The Candlestick “Hanging Man” pattern occurs at the top of a long price ascent. It is marked by a price bar which has a small “real body” at the top of the period’s price range. The pattern is considered to be bearish, but it requires a [...] How is the price of a stock or of an Index arrived at? Imagine a tug-of-war. Not your ordinary run-of-the-mill tug-of-war, but a supersized one. We’ll start with two ropes, not just one. Tie the ends of the ropes together, resulting, of course, in a knot. Set the ropes on the ground. Now take two [...] Whistling Past the Graveyard Mr. Bernanke and his confreres in the Central Bank business have convinced themselves that they have saved the financial systems of the world from collapse. They have done no such thing. First of all, they spoke much too soon; secondly, they’re mistaken. For all of their wisdom and for all of [...] Black Candlesticks Fell Out of the Sky and Never Let Go It’s too early to tell, for sure, whether the Great Rally of 2009 is over. However, the Indexes’ group falloff today suggests that the likelihood is greater than ever that it is indeed history. Two large Candlesticks right after the opening bell reflected 20 [...] Some people enjoy walking along the beach with a metal detector in hand, in the hope of finding buried treasure. Most of the time, what turns up is a rusted piece of metal; sometimes the searcher gets lucky and finds a coin. Rarely does a gold or silver coin from a sunken galleon make its [...] |
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