Cycle Trading

[JLS]

Re Black candles ...

I reviewed what I wrote and I think I wrote it correctly.

Because I don't have a membership at Stockcharts, I can only produce daily (or larger) interval historical charts (which will show the last daily candle forming during the day, but I can't produce anything with smaller intervals as you can).

Also, chartists with a membership at Stockcharts can see (or produce) smaller-interval candles off to the right of the main chart, but I can't do that either (and if those are intraday candles, then they would have different rules than daily and larger interval charts).

Below is what Stockcharts says about the daily candles that I can produce (I underlined the part that parallels what I think I wrote):

For example, in the GE chart above, notice that filled, black candlesticks appear at several important peaks on the chart. They happened because GE opened significantly higher than the previous day's close (“gapped up”), fell during the day, yet managed to still close above the previous day's close.

Based on the above paragraph I think I explained it correctly.

http://stockcharts.com/docs/doku.php?id=faqs:what_does_a_solid_black_or_hollow_red_candlestick_mean