Tuesday, July 04, 2006


The second greatest technical analysis invention after moving averages was candlesticks. The Japanese invented this concept of showing market moves by white and black figures. If you don’t know candlesticks and you think you are a trader you are wrong. There are dozens of books and sites (free) on the Internet that will contain more than enough information for you to be able to learn this critical skill.

If after studying the sticks for a little while you can’t tell by looking at a chart where the market should go (80+% probability) in the next period you need another job, career or hobby. You aren’t a trader.

Use Google or your favorite search engine, type in "Candlesticks" (one word) and sit back and learn.

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