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The SnP had a nice candle setup on Wednesday and Thursday. Details at my
site. This particular setup seems to work quite well.
Ned Markson
http://www.erols.com/cnedgo
BrentinUtahsDixie wrote:
>
> As it has been oft said "what ever works for you". Candle signals are so
> unreliable that you'd have to be sick to use them alone. I use bars myself
> because I don't have a problem telling if the close is either above or below
> the open. I think that those Candlestick programs are just another dead end
> in the analysis business. I watched a friend lose a bundle trading with one.
> Still, I check the alerts to see what the signal is if I'm trading it just
> in case.
>
> Brent
> -----Original Message-----
> From: Ira <ist@xxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Date: Saturday, May 15, 1999 12:51 PM
> Subject: Re: candles
>
> >If you look at the candlesticks and compare them to standard technical
> >formations you will find that they replicate one another. It is just
> easier to
> >see and recognize with the candlesticks. I use them on all my charts, but
> >refer to them seldom for direction. They do give some excellent signals at
> >times. Like anything else, they won't stand alone. Ira.
> >
> >Steve Karnish wrote:
> >
> >> Patrick,
> >>
> >> I haven't looked at "bars" in years...just candles (or candle volume). I
> >> like Beyond Candlesticks by Steve Nison. If you think that more
> formations
> >> are better than a few...be careful. Certain topping and bottoming
> >> formations are very reliable and helpful when combined with other sound
> >> technical analysis. To think that formation #133, #237 or #2,199 will
> hold
> >> some secret to the unlocking direction in the market is pure folly.
> Stick
> >> with the less than 50 and learn to recognize them and then apply that to
> >> your trading.
> >>
> >> Steve Karnish
> >> CCT
> >
> >
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