Buying a Computer
Trends in the computing industry and issues to consider before purchasing a new computer or upgrading your current system.
Analyzing, selecting and trading exchange-traded funds
Using investor sentiment to indentify tops and bottoms in the market.
Market Breadth & Timing
Market breadth and momentum indicators to gauge the market's overall direction.
Mutual Fund Screening & Analysis
Screening for and analyzing mutual funds.
Constructing a portfolio of investments and the issues involved, including risk management.
In-depth reviews of some of the most popular investment-related software.
Stock Screening & Analysis
Using quantitative stock screening filters to identify possible investment and analyzing individual stocks.
Determining the "true worth" of a company.
Technical Analysis & Charting
Using technical indicators and charts to help time your buy and sell decisions.
Using computerized tools and resources to prepare and file your personal income taxes.
odern-day technical analysis is typically traced back to Charles Dow around the beginning of the 20th century. However, almost 300 years earlier, the Japanese were using similar techniques focusing on price behavior and patterns to trade rice contracts. Out of this came candlestick charts, which appeared in the second half of the 1800s. After hundreds of years of modification and refinement, candlestick charts are popular among day traders and buy-and-hold investors alike.
Like all forms of technical analysis, candlestick charting attempts to forecast the future price movements of a security by examining its past price behavior and the patterns that appear on a historical chart.
Here we will offer an overview of candlestick charts and highlight the significance of some different types of candlesticks. To illustrate our examples, we will use a few popular charting Web sites. For more information on Web sites offering candlestick charts, refer to the “Technical Analysis and Charting Web Sites” Comparison article in the March/April 2007 issue of Computerized Investing (available on-line at AAII.com).
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