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Publishes investment advisory newsletter. Passed NASD Series 65 Investment Adviser exam. Creator of "Candelaabra" technical analysis system. Ret. atty and corporate EVP.
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Candlestick Patterns Can Put Money in Your PocketThe Candlesticks are uncanny at calling reversals. Trading or investing without knowledge of the Candlesticks is acting without having in hand all of the tools that you really need to be successful in the markets. Your Home Will be Colder This Winter: the Candlesticks and the Turning Leaves Say soThe price of Heating Oil has dropped considerably since early July. The Candlestick patterns are calling for a reversal. Likewise, on-scene observation in Vermont discloses that the leaves are already beginning to turn, which is locally regarded as an omen of a cold Winter. The Japanese Candlesticks are Only Half a LoafThe Candlesticks by themselves are a marvelous tool, especially in terms of calling reversals. However, they are only part of the story; the rest involves incorporating "Western" Indicators intothe analytical process. Japanese Candlesticks Can Predict Reversal of Major TrendThe Candlesticks have an uncannny ability to spot major reversals of trend as they are in their infancy or about to begin. Japanese Candlestick Patterns Create Beautiful PicturesJapanese Candlestick financial price presentation reflects the human appreciation of a picture as an efficient method of conveying a mass of information at a glance. The eye sees the picture and the brain translates it. Japanese Candlesticks Foretold the Decline in Merrill Lynch SharesJapanese Candlestick patterns in Merrill Lynch shares early in 2007 accurately predicted the massive price decline which followed. Japanese Candlesticks Aren't PatentedTo the best of our knowledge, the inventor of Japanese Candlestick technical analysis never applied for a patent. Presumably, patents weren't available in Japan that long ago, anyway. They're free to use, and all investors and traders sould take the minor time and effort to learn how they work. Faithful Unorthodox Candlestick PatternUnorthodox, or irregular, Japanese Candlestick patterns can nevertheless hold predictive capability. That was shown very recently in the case of the Dow Industrials, which displayed an imperfect "Evening Star" pattern. Even though it was less than ideal, it correctly predicted a decline. Japanese Candlesticks Say Crude Oil Prices May be Headed for $80The common wisdom is that Crude Oil prices must rise higher, because the fundamentals demand it. Not so fast, please. The supply and demand equation is corrupted because of fuel subsidies in many countries. When the subsidies become unsustainable, demand will fall locally and will affect prices worldwide. How Candlestick Double Tops in May Predicted a Major Decline in the DowTwo sets of Candlestick and "Western" Double Tops in May 2008 foretold a serious decline in Dow Industrials prices. The prediction was accurate; prices fell 17 1/2% to a low in July.
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