The Quick Takes Pro blog by Michael Kahn, CMT about anything that might affect your portfolio.
Thursday, April 30, 2009
Quick Takes
Right from the newsletter's origins, here is a chart in Quick Takes format. No text, just a few captions. You can make up your mind about what you see. Subscribers - we'll discuss Friday.
I dont mean to be picky but you may need to call it an "evening star" as that's the candlestick pattern for the top reversal according to the definition from Steve Nisson:
"The evening star is the bearish counterpart of the morning star pattern. It is aptly named because the evening star (nickname for the planet Venus) appears before darkness sets in. Since the evening star is a top reversal...."(Ref - "Japanease Candlestick Charting Techniques 2nd edition - p 66" by Steve Nisson). Cheers
2 comments:
Thank you for the alert on the morning star.
I dont mean to be picky but you may need to call it an "evening star" as that's the candlestick pattern for the top reversal according to the definition from Steve Nisson:
"The evening star is the bearish counterpart of the morning star pattern. It is aptly named because the evening star (nickname for the planet Venus) appears before darkness sets in. Since the evening star is a top reversal...."(Ref - "Japanease Candlestick Charting Techniques 2nd edition - p 66" by Steve Nisson).
Cheers
that's what I get for doing this stuff after the kids get home from school. chart labels corrected
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