LDS Bandz Web Logging

May the Light of the Candles Pave the Way for You

February 14th, 2008

It is said that a picture is worth a thousand words. Certainly that is true in the presentation of prices of stocksd, Indexes, and commodities.  Nothing takes the place of a picture.  The great advantage of the Japanese Candlesticks method of price presentation is that it involves pictures which are understood immediately. The old bar chart format is long since outdated. It is really quite remarkable that most commentators and advisers in print still use the old method, which is so lacking in information when compared to the Candles.  They tell only part of the story, and the story is hard to read. The Candles, however, tell the entire story, and reveal at a glance the underlying psychology of the market.

Entry Filed under: Miscellaneous