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March 22nd Market Wrap-Up

Did you profit from this big down move today? As a candlestick investor, where you expecting this type of selloff? You may not have expected this magnitude of a selloff, but the candlestick charts had you situated to where you profited from today's selling. There is one very simple parameter that will dramatically improve an investors profitability without having to jump through analytical hoops. Upon witnessing a candlestick sell signal and a close below the T line, the probabilities of a trend trading lower is dramatically improved. The candlestick charts on the Dow illustrated the sell signals and a close below the T line approximately three weeks ago. Although there were prospects of other trading patterns in development, i.e. a wedge formation in the Dow, there was still one predominant factor. The indexes were still trading below the T line. This simple analytical tool will greatly improve your profitability forever.

Knowing the direction of a the overall trend of the markets allows the candlestick investor to take advantage of individual stock charts that are demonstrating bullish or bearish signals. Numerous charts showed trading below the T line. As revealed in our daily market comments, it has been suggested for the past few weeks to have short positions established in the portfolio while any remaining long positions required very simple trend rules, long positions could be maintained as long as there was not any sell signals and closes below the T line. Because candlestick graphics are the immediate illustration of what is occurring in investor sentiment and the T line is a natural support and resistance level of human nature, combining these two factors on a visual chart produces an extremely high probability an investor will be in the right trade at the right time.

Chat session tonight at 8 PM ET with Guest Speaker Steven Primo. Click here to register.

Good Investing,

The Candlestick Forum Team

 


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