BTN did have a shooting star candle to finish the day yesterday... Its apparent that candles mean very little in charting. Ive seen more charts defied against logic than any other thing. Ive seen bullish engulfing candles on stocks, and then proceed the next day to get hammered into the ground for the next 3-4 days. Thats why candles really mean absolutely nothing to me. TYpically, if I do the opposite based on what the candle is saying, I win more times, than if I follow the candles. I think candles are really sh*t for the birds. The MA`s and the crosses are more reliant. Though not 100% perfect, they are pretty damn close.
Thats why the majority of people dont even use charts. They really dont.. I think you would be surprised of how many people trade stocks without charting, or a charting service. Reading charts is like shooting craps, every now and then you will hit a 7, and if your lucky, you will throw repeat 7s, over and over. Its the throws in between that kill ya.
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