Why is the market continuing higher with such great strength? The tax bill? Corporate earnings? Worldwide economic expansion? It doesn’t matter. The analysis of the candlestick charts allows us to participate in the right market direction at the right time. In this case, the right direction has lasted for over 12 months. Big profits have been made over the past 12 months. Not because anybody was a clever stock picker, but because the candlestick signals and patterns demonstrated what the market was doing. Big profits are made not by trying to speculate on where the market will be in X number of months in the future, but analyzing what the markets are telling you now. The uptrend remains in progress, that is all that needs to be known. Staying with the strong chart patterns will obviously be where the high probability/high profit trades will occur.
December 18th Daily Market Comments
Why is the market continuing higher with such great strength? The tax bill? Corporate earnings? Worldwide economic expansion? It doesn’t matter. The analysis of the candlestick charts allows us to participate in the right market direction at the right time. In this case, the right direction has lasted for over 12 months. Big profits have been made over the past 12 months. Not because anybody was a clever stock picker, but because the candlestick signals and patterns demonstrated what the market was doing. Big profits are made not by trying to speculate on where the market will be in X number of months in the future, but analyzing what the markets are telling you now. The uptrend remains in progress, that is all that needs to be known. Staying with the strong chart patterns will obviously be where the high probability/high profit trades will occur.