The Internet is full of technical analysis sites. The amount of information available from technical analysis sites is overwhelming. The major benefit of candlestick analysis is the ability to recognize high-profit technical analysis formations. The most outstanding facet of candlestick analysis is that the signals have been analyzed and proven. Not merely on a theoretical basis or back-tested under limited market conditions, but through hundreds of years of profitable utilization. Many technical analysis sites either provide general technical indicator information or they have come up with a newfangled blackbox technical trading program.

The Candlestick Forum is one of the few technical analysis sites that embraces other researched trading techniques. Candlestick signals work extremely well on their own. However, adding any other technical indicator in combination with candlestick signals improves the profitable trade ratio probabilities. In keeping with the educational motives of the Candlestick Forum, a constant search is being done to find technical analysis sites that complement candlestick signals.

One out of the leading educational technical analysis sites on the Internet is WallStreetTeachers. David Elliott is a highly regarded technical analyst. His extensive research for finding indicators that provide a high probability result is very well respected in the investment community. WallStreetTeachers.com is one of the exceptional technical analysis sites available to serious investors. David Elliott has produced easy-to-implement trading techniques that dramatically enhance investment performance. Through the past several years, David Elliott and Steve Bigalow have successfully integrated candlestick signals with David's programs.

Whether trading long-term or intraday trading, the combination of the techniques greatly improves investor performance. Especially for e-mini traders, the melding of candlestick signals with David Elliott's technical indicators have produced a highly successful trading program. This combination is utilized in the WallStreetTeachers training seminars throughout the nation. If you are interested in using candlestick signals with optimal results, The Candlestick Forum highly recommends the information available in the Wall Street teachers training CD programs. Click here for the WallStreetTeachers training CDs

Combining Patterns - Having the ability to identify candlestick signals as well as the candlestick patterns makes analyzing a chart relatively easy. In the example of the INPC chart, a number of candlestick analysis observations can be made. Once an investor understands the psychology incorporated into candlestick signals, exploiting high-profit potential becomes very easy. The INPC chart reveals a steady downtrend. Where to most investors sell? They usually panic-sell at the bottom. The gap down in late February after an extended downtrend reveals the final blowoff selling. The candle formation created on the gap-down also provides some valuable information. They opened that near the low end of the trading range and started bringing it back up. This is usually an indication that the panic selling was sopped up by the smart money.

       INPC

From that level, the uptrend has been obvious. The past three weeks are now demonstrating a Fry Pan Bottom. This becomes better clarified when visually recognizing the Hammers and the Doji's that have constituted the bottom. What does a Fry Pan Bottom represent? A change of investor sentiment back to a positive direction. What is the target? There is a gap to fill at the $7.75 level which would coincide with a test of the 50 day moving average. This becomes an excellent position to be buying on strength.

Market Direction - Friday was a "triple witching" day for options. Any trading on option expiration day is usually going to be configured by the strike prices. Not a whole lot of price movement should be expected. The overall trend of the markets is starting to show some indecision. The NASDAQ could be caught in a trading range. The Dow formed a nother bullish candle on Friday. This may be indicating that a pullback may not be coming just yet. There are very strong sectors in this market. The medical appliance sector has been showing very strong buy signals. Continue to stay long in the strong sectors. There are other sectors that are starting to roll over. If the markets appear to be topping out on the short-term, adding some short positions in overbought sectors would be prudent.

Free Candlestick Sessions - Mr. Bigalow will be talking to the Denver Trading Club on Saturday March 18th. He will be in Dallas on March 21st and in West Palm Beach, Florida, on March 25th. Please come join us in these sessions. You will learn something that will make you money in the future.

View information for stock market training seminars with Stephen W. Bigalow.

The Advance Pattern Analysis Special will be ending in the next few days. Do not miss out on this opportunity to learn how to utilize high-profit patterns with candlestick signals. Learn them once and they will be with you for the rest of your life. This becomes very easy-recognition education. Your eyes will automatically identify where high probability profitable trades will occur. Click here for the Advanced Pattern Analysis Training Videos details.

Good Investing!

The Candlestick Forum Staff

Newsletter - Technical Analysis Sites Complementing Candlestick Analysis - March 17, 2006

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