Where is the market going to go in 2010? This is a question most investors concern themselves with during the early weeks of a trading year. However, is that a viable question? Candlestick analysis provides a much more accurate approach for making money in the coming year. Obviously nobody knows where this market is going to go. It was the anticipatory projections of where the market was heading, starting in 2008, that lost most investors huge percentages in their portfolio.
Candlestick analysis does not try to project where prices might move in the future. The information built into candlestick signals and patterns provide valuable insights into how you should be investing now. They provide the ability to project market moves, sector moves, and individual stock price moves for the near future. That may be a three week to three month time frame versus a 12-month outlook. Fortunately, the analytical capabilities of candlestick signals and patterns does allow for the contiguous analysis of price trends.
Source: The Technical Analyst, Jan-Mar 2010 Edition
The Technical Analyst is the only magazine bringing technical trading ideas to the global markets supported by regular events and training courses.
Comments
No comments have been made yet.