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Presidential election and stock market

 
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candlestick1
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Joined: 27 Jun 2004
Posts: 503
Location: Houston, Texas

PostPosted: Wed Nov 03, 2004 1:31 pm    Post subject: Presidential election and stock market Reply with quote

The candlestick signals give a clear indication what investor sentiment is concerning particular candidates in a presidential election. It became quite apparent yesterday afternoon when the tracking polls indicated that Kerry might be getting the stronger vote numbers. The current uptrend appeared like it could be reversing based on the shooting star formed in the NASDAQ and the doji forming in the Dow. Although stochastics were in the over bought area, the uptrend appeared as if it could continue other than the sell signals.

We have now seen the strength come back into the market based on Bush winning the election. The candlestick signals made it quite obvious
which candidate the investment market thought would be better for investing. This is not rocket science, this is analyzing what the signals were revealing.

Today needs to finish with a strong close to make it clear that we're still in uptrend.
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6strings



Joined: 29 Sep 2004
Posts: 6

PostPosted: Mon Nov 08, 2004 6:23 pm    Post subject: Reply with quote

Now we will see how the results of the election play out on the stock market as the bloodshed escalates. Probably doesn't matter as long as there is money to be made.
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