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Better Investing

What could provide better investing results than combining the long-term reliability of fundamental analysis with the timing of technical analysis? For better investing look no further than The Big Ogg report. This new investor service combines the talents of Stephen Bigalow and Jon Ogg to deliver their unique approach to better investing via their specially researched report posted ‘ahead of the curve’. (View October 17th sample report)

Jon Ogg has spent his entire career in the financial markets and is a frequent guest speaker on CNBC, in addition to many references by The Wall Street Journal, Barron’s, Business Week, CNN and more. (Read Jon Ogg’s full bio here) You may not know it but Jon has been providing better investing advice via his articles in CBS MarketWatch, Pristine, Google Finance and other sites.

Stephen Bigalow catches the market reversals utilizing his expertise in technical analysis beginning with candlestick charting. Jon Ogg adds his insightful analysis and commentary. Combined you receive better investing alerts to be in ‘the right place, at the right time’.

Both, Jon and Steve, have been providing profitable analysis to their readers for many years. They are the perfect combination for the individual investor that is attracted to technical analysis but still longs for the rationale behind fundamental analysis. We are long past the times of better investing advice consisting of ‘buy and hold’. The universe rewards action, and holding may lower your chances of success.

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Market Direction:  Let the market tell you what the market is doing! This is what the Japanese Rice traders profess. The major advantage of candlestick signals and candlestick analysis is creating the ability to evaluate what has gone on in investor sentiment during any time frame. What should be anticipated when witnessing Hammers and Dojis in an oversold condition? A change is occurring!

DOW

The Dow chart clearly reveals a lack of selling pressure once it hit the 50 day moving average. Add the fact that stochastics were now in an oversold condition; an investor has a much clearer picture of what is occurring in a trend. Having the ability to analyze when trend reversals or trend continuation is occurring, in specific sectors or specific confirming indicators, allows an investor to make much better evaluations of what the trend should be or could be doing.

Add the evaluation of all the indices together, an investor gets a much better understanding of whether money is moving into or out of the markets. Wednesday's trading created significant Hammer/Doji signals in both the Dow and the NASDAQ. Being able to describe how a signal formation is produced provides a better understanding of which direction a sloppy market condition may be attempting to move. After prices seem to support following the pullback in both the Dow and the NASDAQ, Wednesday's trading demonstrated that the sellers were back in business. The Dow was down 200 points early in the day. With the Dow closing almost even by the end of the day, the Doji/Hammer formation produces some obvious investor sentiment results. The Bulls are extremely relieved at the end of the day and their confidence is restored.

NAS

The Dow closed flat on Thursday. The NASDAQ closed weaker after the Doji/Hammer signal of the prior day. This could now create some indecision as to whether the Bulls or the Bears are in control. There will be days or time frames when it is not clear what a trend is going to do. A major benefit of candlestick analysis is being able to analyze with a high degree of accuracy what a trend should do if prices appear to be moving a certain way after indecisive trading. The Dow has formed two Dojis in the past few days. The NASDAQ has waffled for the past four days. This may make determining what investor sentiment is trying to reveal difficult to decipher. However, earnings reported on Thursday afternoon by Microsoft has now lifted the QQQQ's to the level of where they opened Thursday morning. If the follow through of strength occurs into the open on Friday, the uptrend now shows much greater potential. The NASDAQ should open significantly higher and the Dow will open higher after two Dojis. Knowing the simple rules that can be applied to Dojis, this makes the analysis of the market trend very easy to assess.

Utilizing simple rules for the Doji and combining those rules with moving averages, showing support or resistance, is extremely useful for identifying high probability, high profit trade situations. The Candlestick Forum's recommendation for SCON was based upon a Bullish Engulfing signal after two small Dojis forming on the pullback right at the T-Line.

SCON

 

The reiteration of that recommendation last week was based upon witnessing a series of Dojis holding the T-Line, followed by a Bullish Engulfing signal. Moving averages and candlestick signals make for an extremely strong combination when identifying big-profit moves. Utilize over 20 years of knowledge for maximizing returns. Click here for the moving average training CD special.

Big profits can be made even in the waffling market. The information incorporated into candlestick signals allows an investor to take advantage of the big profit potential moves. Whether this is long positions or short positions, the consistent reliability of candlestick signals puts an investor in the right direction at the right time.

Chat session tonight 8 p.m. ET - open to everybody, come join us. Click here for instructions.

Good investing,

The Candlestick Forum Team

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