Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Buying SPLITs and other Strategies -- Ignore unavailable to you. Want to Upgrade?

To: Terry Whitman who wrote (1131)	2/5/2010 8:43:52 PM
From: Terry Whitman	Read Replies (1) \| Respond to of 1163

A candlestick read of the 1 yr. SPX weekly chart- Pull this chart up, and shrink the windows down to view the chart and comments together. Tip- if you move your cursor over the candles, you get the date and open/close info. moneycentral.msn.com 1) Bear cycle ends and bull cycle begins in March '09, with 4 Black, then 9 white candles in a row. At least 4 in a row would be considered white soldiers, I believe. The start of a cyclical bull market is foretold. 2) A Correction developed the week of 6/8/09. Nothing in the candles foretold anything very bearish. The correction ended in short order. 3)The week of 7/13/09, a new bullish run begins with 4 white candles in a row, Again, this foretells a bullish move, as no real correction occurs until September. 4) Beginning 11/16/09, a series of skinny bodies appeared. Lots of tops, hammers, and inverted hammers. No progress made bull or bear. 5) Beginning the week of 1/11/10, we see 4 black candles in a row now. Two of these are 'engulfing' candles, aka 'bearish engulfing'. These 4 candles could also be interpreted as 'black crows'. This foretells continuing bearishness. PS- GO COLTS!