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Chart of the day: DJ-30 (again)

September 15, 2011 Comments off

There is no clear change of trend shown by heikin-ashi (visual and quantifiable).

Visual: the last two candles do not identify a decisive change of the downtrend.

Quantifiable: although the average is pointing up, it is still negative.

Another ‘wait-and-see’ day at the races.

Chart of the day 09/14/2011 DJ-30

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Chart of the day: DJ-30 (again)

September 13, 2011 Comments off

Will BRICs save the markets?

We look at heikin-ashi charts to see signs of trend reversal.

haDelta in the second pane shows a weak positive signal but its average is still negative.

Heikin-ashi charts (first pane) shows a reversal candle.

The only real positive sign here is the positive divergence between heikin-ashi candles and haDelta in September.

Chart of the day 09/13/2011 Dow Jones Industrials Average

Chart of the day: DJ-30

September 12, 2011 Comments off

Dow Jones Industrials Average was back into positive territory in the last 30′.

On the daily chart, there is a very weak sign of reversal. Nothing more.

chart of the day 09/12/2011 DJ-30

Chart of the day: DJ-20

September 1, 2011 Comments off

Dow Jones Transportation displays weakness.

We use heikin-ashi to move away from candlestick patterns which are subjective and very artistic.

Heikin-ashi quantification (lower pane) helps.

Heikin-ashi chart of the day 08/31/2011 Dow Transportation

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