Japanese Candlestick Charting Techniques Quotes

“the market should open above the prior day’s high. This is because it is potentially more bearish if the market opens above the prior day’s high and then fails”
― Steve Nison, Japanese Candlestick Charting Techniques: A Contemporary Guide to the Ancient Investment Techniques of the Far East, Second Edition

“Then a white bullish real body wraps around, or engulfs, the prior period’s black real body (hence its name). Another nickname is a “hugging line” for obvious reasons. (Maybe on Valentine’s Day I will refer to the engulfing pattern as a hugging pattern.)”
― Steve Nison, Japanese Candlestick Charting Techniques: A Contemporary Guide to the Ancient Investment Techniques of the Far East, Second Edition

“If an umbrella line emerges during a downtrend, it is a signal that the downtrend should end.”
― Steve Nison, Japanese Candlestick Charting Techniques: A Contemporary Guide to the Ancient Investment Techniques of the Far East, Second Edition

“There is nothing so disastrous as a rational investment policy in an irrational world.”
― Steve Nison, Japanese Candlestick Charting Techniques: A Contemporary Guide to the Ancient Investment Techniques of the Far East, Second Edition

“Before the publication of this book in 1991 B.C. (Before Candlesticks), who ever heard of a candlestick chart?”
― Steve Nison, Japanese Candlestick Charting Techniques: A Contemporary Guide to the Ancient Investment Techniques of the Far East, Second Edition