Posted by
archit on Jan 21st, 2009 in
Technical Analysis |
0 comments
Open 2,868.8501
High 2,869.2000
Low 2,701.7500
Close 2,828.4500
Change -44.5500 (-1.55%)
A black body occurred (because prices closed lower than they opened). During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 21 white candles and 29 black candles for a net of 8 black candles. A long lower shadow...
Posted by
archit on Nov 10th, 2008 in
Technical Analysis |
0 comments
Candlestick: - A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 20 white candles and 30 black candles for a net of 10 black candles.
Bollinger Bands are 35.63% wider than normal. The current width of the bands (alone) does not suggest anything...
Posted by
archit on Nov 3rd, 2008 in
Economy |
0 comments
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 20 white candles and 30 black candles for a net of 10 black candles.
Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is...
Posted by
archit on Oct 29th, 2008 in
Economy |
0 comments
Candlesticks
A big black candle occurred. This is bearish, as prices closed significantly lower than they opened. If the candle appears when prices are “high,” it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area (e.g., a moving average, trend line, or price resistance level), the long black candle adds credibility to the resistance. Similarly, if...
Posted by
archit on Oct 13th, 2008 in
Technical Analysis |
1 comment
A big black candle occurred. This is bearish, as prices closed significantly lower than they opened. If the candle appears when prices are “high,” it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area (e.g., a moving average, trend line, or price resistance level), the long black candle adds credibility to the resistance. Similarly, if the candle...