[CANSLIM] candle sticks

From: "DMC197807" <dmc197807@comcast.net>
Subject: [CANSLIM] candle sticks
Date: Fri, 5 Sep 2003 07:14:27 -0700

Next Article (by Subject): Re: [CANSLIM] candle sticks D B
Previous Article (by Subject): [CANSLIM] candle sticks Yien T Lung
Top of Thread: [CANSLIM] candle sticks Yien T Lung
Next in Thread: Re: [CANSLIM] candle sticks D B
Articles sorted by: [Date] [Author] [Subject]

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
>
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim".  Do not use quotes in your email.


- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.

Go to Jeff Salisbury LWGate Home Page.