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...first time I heard of "candlesticks" I wondered what the heck that was...then I found out and realized that it was just an alternative way of displaying "in-out-high-low" - a better way of displaying it. But I became aware of all sorts of "mysticism" surrounding it as well and that I have not bought in to, although I use it as my default. - There's talk of "patterns" the meaning of them and at this point at least I couldn't care less about trying to get 'deep" into that. - it shows what it showsand I like the way it shows it. - But in case anyone here is a "believer" in the pattern stuff, I would like to hear what could be "seen" in a particular situation: Make a three month chart of - CLRO - and tell me what you see...
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it closed as a Dragonfly Doji.. its like a Hammer without a "real" body.. its a bullish indication but cant be confirmed bullish till the next candle which is tomorrow.. anyways if expect it to go up tomorrow but its not 100% like i said till the next candle.. if you are really interested in learning how to read candlesticks and such i highly recommend the website:
....in clro's case, they haven't released any numbers in a long time and people are angry. Company blames KPMG for taking its time with four year audit. At this point, clro may very well be trading at or close to cash value, meaning share value equals what company has in cash...
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I have a candlestick question that I haven't seen addressed anywhere (bought the Nison book, have read most of it, great stuff, thanks for the tip Mach).
The sticks can have four different colors: white, green, red, and black.
White and green are advancing candles, red and black are declining candles. But what is the difference between white and green? What is the difference between red and black? It's not just style as I often see a single chart with all four colors. They must signal something different. What?
Thanks to anyone for their help.
-------------------- Me Trade Pretty One Day.
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quote:Originally posted by kermit42: I have a candlestick question that I haven't seen addressed anywhere (bought the Nison book, have read most of it, great stuff, thanks for the tip Mach).
The sticks can have four different colors: white, green, red, and black.
White and green are advancing candles, red and black are declining candles. But what is the difference between white and green? What is the difference between red and black? It's not just style as I often see a single chart with all four colors. They must signal something different. What?
Thanks to anyone for their help.
there is no difference.. it's just a matter of preference of what color you want to use... some people prefer the white/black combo and others prefer the green/red combo... but they all mean the same... white/green the stock closed up and black/red the stock closed down.. people like using green also because it's the color of money...
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Some charting systems use Black candles to show a down day that closed above the previous day's low and Red for a day that closed below the previous day's low.
I'd guess some systems have similar rules between green and white.
Regardless it isn't terribly important. Black or Red, Greeen or White the candles will tell the same story.
BF
-------------------- No longer eligible for government service due to lack of tax issues.
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