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Old 08-27-2007, 12:34 AM
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Re: DJIA Candles

James,

Here's my thoughts on BSC...




As for your DIA analysis, I can appreciate the work you are doing, so I say keep it up. Since there's so many ways to trade, I don't necessarily follow everything that you've stated here, but it does look like excellent work. I am a candle purist and in my opinion, you needed to ALREADY be long, not considering a position now. That's just my opinion, but it's nice to have this discussion since the Candlestick Corner can be a bit quiet... :blushed:

Side note - you're obviously doing some homework here and that should be recognized. Not sure how old you are and/or what your future plans are, but I see the groundwork of a technician here in the making... We'd all love to just trade our own money from the Bahamas, but that's not always the case, at least in the beginning. I would start building a little portfolio of your analysis now if you think that some kind of analyst/technician job could be of interest later. I mean, you are already doing the work, so just do it assuming this could be your ticket to a job in Manhattan helping to run a billion dollar mutual fund or hedge fund. I offer this advice b/c there's some stuff that I wish someone would have told me when I was younger.
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