|
PureBytes Links
Trading Reference Links
|
Actually, any book on bar charts says inside days mean nothing, but
candlesticks have a meaning for it. Also, there are no explanations for
things like dark cloud covers, etc in the bar charts books. Yes,
candlesticks are more a visual aid than anything else, but there are
additional pieces of information that, when coupled with other forms of
technical analysis, you would never ever get out of a bar chart.
--
Steven W. Poser, President
Poser Global Market Strategies Inc.
http://www.poserglobal.com
Steve Poser
Ira wrote:
>
> There is nothing new in the candlesticks. If you are familiar with regular
> technical analysis you will find that the candlestick formations are just a
> pictorial method of showing normal patterns. I use them on my screen
> because it makes certain conditions obvious to the eye. Ira.
>
> charles meyer wrote:
>
> > Group:
> >
> > The important information on this subject is to know (from backtesting)
> > what candlestick formations are useful and which are not. Restated,
> > from my understanding there are only a certain number of candlestick
> > formations that are reliable.
> >
> > Charles
|