“The greatest candlestick analyst”, this is the accolade sent to my email address from investors that have learned how to use candlestick analysis successfully. However, the title of “the greatest candlestick analyst” is unwarranted. There is only so much to be learned from the candlestick signals and patterns. my 30 years plus of teaching investors how to use candlestick signals and patterns successfully expedites the learning process. Once you have mastered the expectations from the signals and patterns, you become a successful candlestick analyst. It is not that difficult! Human nature works the same way time after time. You do not have to be a sophisticated technical analyst. The charts will reveal the same price movements based on human nature. All one has to do to become a successful candlestick analyst is learn what the expected results are from a candlestick signal. As illustrated in the market indexes, bullish sentiment is in control in this market trend. That allows for identifying specific sectors that will show more strength than normal. Simple candlestick scanning techniques allow for identifying which sectors continue to act the best, artificial intelligence, oil stocks, or gold stocks. You can become the greatest candlestick analyst when applying the expected results of price movements to your own portfolio trading.
April 4th Daily Market Comments
Profit-taking, as expected after moving up rapidly through the 50 day moving average on the Dow. Gold stocks continue their uptrend while the artificial intelligence stocks are backing and filling today.