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Strategies & Market Trends : Chart Formations -- Ignore unavailable to you. Want to Upgrade?

To: sean sanders who wrote (180)	7/13/1999 10:41:00 PM
From: keith massey	Read Replies (1) \| Respond to of 967

Recognizing candlestick formation in a given trend has now become the cornerstone of my trading. In one or two bars you can get a fairly good feel where the market is going. In addition, you can use them in combination with all the other TA standards (EMA, Fib., trendlines, Oscillators). There are no other indicators that can show a trend change as fast as candlesticks. If you can only buy one book I would recommend the beyond Candlesticks book by Nison and do some basic background reading on Candlesticks on the Internet. I have found that ordering the book for Chapters.ca is far cheaper than buying it in the story. In the case of Nison book it was $108 in the store but was only $74 after tax and shipping on the net. Most of the stuff in Nison's first book ( Japanese Candlestick Charting Techniques by Steve Nison) is free on the internet (see links) You won't get anything extra out of Morris's books if you read Nison. (More Candlestick Charting Explained by Gregory Morris) There are a few other books on Candlesticks out there but they all pail in comparison to the above. Some sites on the net that are worth taking a look at one the subject intelligentspeculator.com litwick.com iqc.com altavest.com Best Regards KEITH