Beruflich Dokumente
Kultur Dokumente
B l o o m b e r g M a r ke t s
August 2004
Technical
Xxxxx Xxxxxxxx
Analysis
Candle Charts
Type BNI US <Equity>
GPC <Go>. Adjust the
date range, and enter
200 in one of the M OVING
AVERAGE fields.
111
112
Bloomberg Markets
August 2004
FO CU S
Technical
Xxxxx Xxxxxxxx
Analysis
Thinking through the dynamics
of this pattern makes it easier to understand why it often represents support in a bearish market. After
trading within a penny of the 200day moving average on March 10,
Burlington Northern opened below
that average on March 11. By the end
of that trading day, the stock had
moved above the 200-day average, as
well as above the close and open of
the previous day. This move represents solid buying pressure throughout the trading day. The upward
momentum seen with this candle
often continues in the days to follow.
The Candlestick Patterns (CNDL)
function helps you recognize various
candle patterns. Type CNDL <Go>
for a candle chart with a series of
one- or two-letter abbreviations on
certain days. These symbols indicate
various candle patterns on the chart.
Type 1 <Go> to list the abbreviations, and click on one for a description of the pattern. For illustrations
of many candlestick patterns, type
CNDL <Help> 9 <Go> 6 <Go>.
Besides the bullish engulfing pattern, other candle patterns that often
represent a turning point include the
hammer, the inverted hammer and
the bearish engulfing pattern. A
hammer is a solid or clear small body
with a long shadow below it and little or no shadow above it. The hammer represents a buy signal when
seen in a downward trend. The inverted hammer is just the opposite:
a small solid or clear body with little
or no shadow below it and a long
shadow above it. The inverted hammer represents a sell signal when
seen in an upward trend.
The bearish engulfing pattern is
a small clear candle followed the
next day by a long solid candle. The
second days body completely engulfs the first days action. This pattern also indicates a sell signal when
seen in an upward trend.
DAVID KELLER is an application specialist in the
Profile Your
Way to Profits
T h e M a r ke t
Picture Function
Type IBM US <Equity>
MKTP <Go> to analyze
daily price distributions for
IBM shares over the three
most-recent trading days.
B l o o m b e r g M a r ke t s
August 2004
FO CU S
<STRATEGIES>
Xxxxx Xxxxxxxx
TIP
BOX
determine the full range of trading prices for any half hour.
The two red lines on each market
profile represent the boundaries of the
so-called value area, in which 68 percent of all trades on the profile take
place. Technical analysts examine any
A n a ly z i n g H i s t o r i c a l
M a r ke t P r o f i l e s
Type TYA <Cmdty>
MKTP 2 3 <Go> to analyze two days of market
profilesstarting three
trading days agofor the
10-year U.S. Treasury note
futures contract. To adjust
the prices at the top and
bottom of the charts, tab
in to the LOW and H IGH
fields, enter new prices
and press <Go>. To add
another days market profile to the MKTP screen,
tab in to the small field
in the upper left corner
of the screen, enter 3
and press <Go>.
113