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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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From: Gush	1/20/2005 9:09:52 PM
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does anyone want to talk candles? I think that's one thing that most peps don't know jack about. Including me... I don't know jack.. but I'll start.. hollow(empty) candles with the wick on top are good.. My interpretation would be to say that an empty candle indicates balanced volume more buying than selling, and the wick on top indicates that the stock went high and landed where the wick begins. also when the candle is big with a small wick that is better, indicating that the majority of the trading occured within the candles range.. big wick not good, indicating that the stock barely held it's own...and that most interest has left at the higher level... anyway... before going to the next candle I think it's best that I fully understand the basics... If someone want to add or correct please feel free. I just think that candles are more important than I had original thought. Gush.

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