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> I guess, I should remain focused on where you can reap the fat from the markets.
> And stay away from the conspiracy stuff huh?
>
> Daily closes (specifically) are important because this is shown every morning at
> newspapers and television for mass consumption, to control public perception of
> what's happening to the market, from what I read,it is easy specially Dow Jones
> because it only take 10 different shares to move it up and down, that's not a lot of
> money, because they hit it in the last few hours and them (maybe mutual funds,
> insiders,
> brokers or Fed acting singly or together, don't know) and at the same time
> squeeze the intra-day shorts too.
>
> Maybe am seeing the market as a position trader point of view and different from
> a day trader's. I also use candlesticks, but not as a major tool.
>
> > preston morrow wrote:
> >
> > > Felix TY wrote:
> > > >
> > > > preston morrow wrote:
> > > >
> > > > > HAVE USED candles for several years in conjunction with several other
> > > > > indicators & find them quite useful
> > > > >
> > > >
> > > > Preston,
> > > >
> > > > Is it possible candlesticks are more useful in the weekly or monthly
> > > > charts? But not daily because insiders will try
> > > > to manipulate the close of each day ? Since am keeping in mind candlestick
> > > > have emphasis on the relationship of the
> > > > opening and closing price of the day. Am really seriously asking about
> > > > this one. If anyone else can discuss about this
> > > > too, Thanks, Guys!
> > > >
> > > > P.S. My attitude is any indicator is just a tool and its really important
> > > > to know the weaknesses (where and how they fail)of whichever ones we choose
> > > > to use to be more effective and profitable.
> > >
> > > felix, noce to hear frou you
> > > i cannot tell the difference betwen a monthly or a 5-tick candle chart
> > > absent price & dates
> > > i dwell a lot on 13 tick, 89 tick, 7-minute & longer term charts to know
> > > the larger trend... s&P, stocks, the dow... all the same
> > > preston
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