special thanks to StockTiger.com
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special thanks to StockTiger.com
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OK, no one else commented, so I'll throw in my 2 cents:
I like candlestick charts because you can see the interday price action (which is of course a reflection of investor sentiment) these charts use closing price action. There is also no volume indicator on these charts.
I also use oscillators: MACD, Stocastic, Chaikin Money Flow, On Balance Volume.
Look at this chart of of the DIA: Yes, price action has been going up, but the last run was not as strong as the past month. Chaiken MF shows institutions are pulling $ OUT of the dow. Today it was up on average volume.
What goes up, must come down. I've sold calls into this rally for the past month. I'm waiting for it to crash so I can buy them back for profit.
Rebecca Avalon





agreed on candlestick charts for short/medium term investing decisions. However, the author of these charts was trying to show a long term correlation between instances of a +10% rise over the 50 DMA soon being followed by a major pullback down to a value close to the 50 DMA. If that correlation is reliable, then we are due for a major pullback and soon.





Absolutely. The put/call ratio on the $SPX is 3:2
Rebecca Avalon
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