Re: [CANSLIM] candle sticks

From: Yien T Lung <ylung@engin.umich.edu>
Subject: Re: [CANSLIM] candle sticks
Date: Fri, 5 Sep 2003 11:08:41 -0400 (EDT)

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thanks for your reply DMC. I will look into Nison's book or any other
related to it.

Thanks again
Yien

On Fri, 5 Sep 2003, DMC197807 wrote:

> Yien,
>
> Candlesticks in their purest form are simply a "better" visual display (and
> one that can be done in 4 colors) of a stock's price movement over any given
> period.  Call that Candlesticks 101.
>
> Now there is lots of lore (Morris, Nison, etc.) about different candlestick
> combinations (3 crows, bearish haramis, dragonfly doji) that purport to
> indicate MORE LIKELY THAN NOT continuations, reversals, pauses, etc.  But
> it's not necessary to transfer all your charts to candlesticks to study and
> / or believe in those multi-period patterns.  Call that Candlesticks 303, or
> 304, the advanced course.
>
> And the most interesting application of these visual tools is the
> combination of volume into the candlesticks in candlevolume and equivolume
> ideas.  Since the world we inhabit is a price-volume world, this application
> is particularly interesting.
>
> What's more, it costs next to nothing to learn; just the cost of books and
> the time spent studying them.  Greg Morris and Steve Nison are the guys to
> start with, and of course study the free stuff in Stockcharts and
> Candlecharts.com (free emails as well).  But be careful; every first timer
> reads this stuff and thinks he's found the Holy Grail.  It isn't.  But it is
> a better way to look at price action.
>
> Downside?  I can't see any at all.  I can't imagine why anyone would
> continue to look at bar charts or line charts if the sticks are available.
>
> DMC
>
>
> ----- Original Message -----
> From: "Yien T Lung" <ylung@engin.umich.edu>
> To: <canslim@lists.xmission.com>
> Sent: Friday, September 05, 2003 7:02 AM
> Subject: [CANSLIM] candle sticks
>
>
> >
> > Hi,
> >
> > I am wondering if Candlesticks will provide more information about a given
> > stock than a normal OHLC with volume analysis. If so, what are the
> > advantages and disadvantages.
> >
> >
> >
> > thanks
> >
> > Yien
> >
> >
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