Market trend analysis is greatly enhanced by knowing what each candlestick signal is revealing. Today’s market trend analysis would be considered bullish by most investors because the indexes traded higher, But the candlestick investor has the graphics that indicate the bears are still in control when closing the indexes back below where they opened. Add that to the fact that Friday’s bullish trading was not a candlestick reversal signal; There should remain skepticism that the bullish uptrend is ready to start. Saturday, we will be doing a mini spotlight training on accurately evaluating when there has been a market reversal. This will include 1/2 a dozen confirming indicators that enhance the probabilities that a trend reversal has occurred. Candlestick signals reveal very strong changes of investor sentiment, as illustrated in the best friend signal and the kicker signal. They have very high probabilities producing profitable trades. The candlestick forum is in the process of doing statistical studies of what those probabilities actually are and how trades should perform to improve the probabilities based upon how they open after a candlestick reversal signal. If you are a day trader, swing trader, or options trader, you will gain some very valuable information from the statistics. Join us at the Candlestick Forum, even for a two-week free trial. You will see the value of candlestick charts.
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Good Investing,
Stephen Bigalow
