Archive for the ‘Modified japanese candlesticks’ Category

Heikin-Ashi and Expedia $EXPE

February 5, 2013 Comments off


Heikin-Ashi and Expedia $EXPE  2/4/2013

(Follow-up) Why Facebook Is a Dangerous Short Here $FB $QQQ $GRPN

February 2, 2013 Comments off


  1. haDelta reversal + crossover at support
  2. A heikin-ashi reversal candle (Note: Use any trailing-stop to protect against grey swans)


Follow-up: Why Facebook Is a Dangerous Short Here $FB $QQQ $GRPN 2/1/2013

An X-Ray of the Market: S&P 500 and Heikin-Ashi $SPY $SPX $DIA $DJIA

January 31, 2013 Comments off

Daily chart:

  • Despite the extended price advance, haDelta shows weakness
  • Bullish but weak


An X-Ray the Market: S&P 500 and Heikin-Ashi $SPY $SPX $DIA $DJIA 1/30/2013

Weekly chart:

  • Close to the apex of the consolidation triangle
  • Bullish and undecided


An X-Ray of the Market: S&P 500 and Heikin-Ashi $SPY $SPX $DIA $DJIA

Monthly chart:

  • Bullish

An X-Ray of the Market: S&P 500 and Heikin-Ashi $SPY $SPX $DIA $DJIA

How Far Will $AMZN Run? $QQQ $EBAY $SPX $SPY

January 25, 2013 Comments off

Daily chart

  1. Comfortable vis-a-vis its trailing-stop
  2. Despite the sustained uptrend, the haDelta :: SMA(3) bullish crossing offers indications of a strong trend ahead


How Far Will $AMZN Run?  $QQQ $EBAY $SPX $SPY  1/24/2013

Weekly chart

  1. Difficult to overcome the haDelta resistance
  2. Caught inside a medium-term consolidation (haDelta is inside an ascending triangle)


How Far Will $AMZN Run?  $QQQ $EBAY $SPX $SPY  1/24/2013

Monthly chart

  1. Caution: haDelta is approaching the first resistance level.

How Far Will $AMZN Run?  $QQQ $EBAY $SPX $SPY  1/24/2013

$AAPL Head-and-Shoulders – Target: 320 $QQQ $SPX $SPY

January 24, 2013 Comments off

Apple weekly chart (see below)

Upper pane

  1. Waiting for a resolution of the bearish Head-and-Shoulders following a sustained long uptrend
  2. Price objective: 320 (based on H&S characteristics)
  3. The thickness of the Ichimoku cloud in the next 13-15 weeks suggests a resistance difficult to overcome
  4. Note the change of trend 26 weeks in the future on the Ichimoku chart: Usually, such points warn about a strong trend to develop during this time

Middle pane

  1. The haDelta average SMA(3) was negative (yellow area)
  2. haDelta and SMA(3) failed to become positive (bad sign)

Lower pane

  1. Failures to go above the oscillator’s resistance (50-60 area) = Weakness


$AAPL Head-and-Shoulders Target: 320 $QQQ $SPX $SPY 1/23/2013

Heikin-Ashi and Fibonacci $SPY $SPX $DIA $DJIA

November 28, 2012 Comments off

Multiple and independent indications for market resistance:

  1. Resistance #1: The reaction hits 50% of the segment September high – November low.
  2. Resistance #2: haDelta hit resistance area
  3. Resistance #3: The smoother haDelta and its short average turned at resistance

Conclusion: Charts don’t lie. Heikin-ashi helps to read them better.


Heikin-Ashi and Fibonacci $SPY $SPX $DIA $DJIA  11/27/2012

Is Nokia Attractive? $NOK $RIMM $MSFT

November 27, 2012 Comments off

If you are not using heikin-ashi yet, you probably missed at least +45%:

Research in Motion $RIMM from $8.23 (Oct 5) to $11.98 (Nov 26).

$NOK daily

  1. Ready to consolidate (haDelta is back at past resistance)
  2. In most cases, the first close above the Ichimoku cloud signals a bullish trend ahead (trailing stop is a must!)



Is Nokia Attractive? $NOK $RIMM $MSFT  11/26/2012


$NOK weekly

  1. Double resistance: Ichimoko cloud and haDelta
  2. Note again and again (and again) the result of a crossing haDelta :: SMA(3) neat or at zero


Is Nokia Attractive? $NOK $RIMM $MSFT  11/26/2012



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