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Candlesticks Trounce North Korea’s Rocket Science
The Dingdong 2 rocket (a/k/a The Fizzler) is said in some quarters to have placed a satellite in orbit, and that it is broadcasting patriotic music. There are several difficulties with that thesis: responsible authority states that (1) the rocket, together with its satellite payload, never achieved orbit; (2) various pieces thereof were tracked as they fell into salt water; (3) no tracker has been able to find the satellite in any orbit; and, most importantly, no one can hear the music except, perhaps, Kim Jong-Il himself.
The Japanese Candlesticks routinely perform better than that. As a particular point of…
7Apr2009 | William Kurtz | 0 comments | ContinuedCandlestick Stock Traders are Buying
If you’re going to trade the markets using technical analysis, get acquainted with Japanese candlesticks. Simple bar charts don’t offer as much or as detailed information on price patterns. Nor do they have the history and experience of this centuries-old Japanese method.
Candlestick charting began in the 17th century and was used primarily as a tool to trade rice. Since then it has become the preferred method of chart analysis for most active traders and technical analysts the world over.
We’ll start with a simple pattern that has popped up on a wide array of charts in the last week – a…
15Sep2008 | Oxbury Research | Comments Off | Continued
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