Futuris Company (FTRS): Actually to clarify candlestick charts a...

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k_trader

Re: ktip post# 9396

Friday, 07/09/2010 1:16:16 PM

Friday, July 09, 2010 1:16:16 PM

Actually to clarify candlestick charts are thought to have been developed in the 18th century by Japanese (not Chinese) rice trader Homma Munehisa. The charts gave Homma and others an overview of open, high, low, and close market prices over a certain period. This style of charting is very popular due to the level of ease in reading and understanding the graphs. The Japanese rice traders also found that the resulting charts would provide a fairly reliable tool to predict future demand.

The method was picked up by Charles Dow around 1900 and remains in common use by today's traders of financial instruments.

Here is an overview of candle stick patterns and their meanings
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:introduction_to_candlesticks

GLTA

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