Many candle patterns show "complete indecision between the bulls and the bears"
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Edited by Rogerdodger, 29 September 2007 - 06:19 PM.
Posted 29 September 2007 - 06:15 PM
Edited by Rogerdodger, 29 September 2007 - 06:19 PM.
Posted 30 September 2007 - 12:13 AM
Posted 30 September 2007 - 10:50 AM
The algorithm is able to recognize 91 different candlestick formations with high precision. It identifies relevant candlesticks applicable to each security on a daily basis, explains the patterns shortly and generates a brief candlestick commentary. Interested investors may visit our educational website www.candlesticker.com for thorough information about each pattern.
There is no fundamental analysis on this site. You won't find balance sheets, news, experts, comments, and gossip here, distractions that are conducive to manipulation and wrong interpretation. The aim is to create a truly objective system with no human interference at all (even from us). The system prevents interference of human emotions with trading decisions.
BUY-IF and SELL-IF are conditional pre-signals(alerts) generated on the basis of daily candlestick patterns. They are posted for the next day's trading. Traders should consider the signals as confirmed and place their orders only if the market action in the next day proves that the alert generating pattern is confirmed.
Edited by Rogerdodger, 30 September 2007 - 11:03 AM.
Posted 30 September 2007 - 11:33 AM
Posted 30 September 2007 - 11:45 AM
Our system posted a SELL CONFIRMED today. The previous BUY recommendation was issued on 09.24.2007 (4) days ago, when the stock price was 104.0300. Since then QLD has gained 3.80% .
SELL-IF is confirmed by a black candlestick with a lower open. The selling price is today's open ( 108.57 ) according to the Rules of Confirmation.
Bears are getting stronger. The market hesitated a bit, but finally confirmed the bearish pattern with a one day delay. It opened today with a gap-down and the day's activity resulted in a close lower than the open. This is a valid bearish confirmation.
We hope that you sold this stock . You should watch the downward gap in the opening, wait a bit, feel the bearish tendency of the market making sure that prices stay below the opening price and then sell your shares. Your benchmark was the opening price of the downward gap. A weakness in prices is implied as long as the prices stay below the benchmark.
Edited by Rogerdodger, 30 September 2007 - 12:00 PM.