Pick up any stock or futures chart book in Japan and more than 90% of the time you’ll find candlestick charts. It’s rare to see bar charts like those used in U.S. When I ask friends who work at stock brokerages in Japan why they use andlesticks rather than bars, interestingly, nobody says candlesticks are better just that they are clearer What they mean by clearer is that with candlestick charts, we can distinguish down-days from up-days quickly and easily.
On an up-day, we see a white real body candlestick. On a down-day, the real body of the candlestick is black. (See examples below.) On the other hand, with the bar chart, according my friends, it is not so easy to tell if the day is up or down by a quick glace.
As we know, this problem can be solved easily. We have many charting-software packages today which can give us different colors for up-days and down-days we simply make the down-day bar black and the up-day bar white
The mechanics of short selling are relatively simple, yet virtually no one, including most professionals, knows how to sell short correctly. In How to Make Money Selling Stocks Short, William J. O’Neil offers you the information needed to pursue an effective short selling strategy, and shows youith detailed, annotated chartsow to make the moves that will ultimately take you in the right direction.
From learning how to set price limits to timing your short sales, the simple and timeless advice found within these pages will keep you focused on the task at hand and let you trade with the utmost confidenc