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Re: jimmenknee post# 11128

Friday, 10/17/2014 8:11:54 AM

Friday, October 17, 2014 8:11:54 AM

Post# of 14303

Even though today's candle has no assigned meaning (other than being another sell candle) and the DOW Jones Industrial Average's candle is not a reversal candle, the KISS school of using made up terms and false excuses could be helping at the margins.



Really???? LOL , so today's candle has no assigned meaning??? This says all about your knowledge about candles.

Well, a Spinning Top IS a reversal candle, read here, so you can begin learning something:

After a long advance or long white candlestick, a spinning top indicates weakness among the bulls and a potential change or interruption in trend. After a long decline or long black candlestick, a spinning top indicates weakness among the bears and a potential change or interruption in trend.

Link here, scroll down to Spinning Tops, and, read under the image with Spinning Tops: http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:introduction_to_candlesticks

But that's not all, here is an image precisely of the DOW JONES, where you can see that this REVERSAL candle, caused 4 reversals on the last month or so, just notice what happened the very next day next to those candles, yes, surprise, a REVERSAL happened, so funny LOL




Cheers
Dr Pennystock

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