{"id":738,"date":"2008-10-09T14:06:10","date_gmt":"2008-10-09T18:06:10","guid":{"rendered":"http:\/\/club.ino.com:80\/trading\/?p=738"},"modified":"2009-01-16T10:28:41","modified_gmt":"2009-01-16T14:28:41","slug":"never-try-and-pick-a-bottom-but-look-for-the-clues","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2008\/10\/never-try-and-pick-a-bottom-but-look-for-the-clues\/","title":{"rendered":"Never try and pick a bottom but look for the clues"},"content":{"rendered":"<p>Never try and pick a bottom but look for the clues<\/p>\n<p>The action yesterday on the NASDAQ was particularly interesting as market movement resulted in a \"gravestone doji,\" which is a Japanese Candlestick formation that often signals a turnaround.<\/p>\n<p>What a \"gravestone doji\" means is that the buyers and sellers are in an evenly matched tug-of-war and potentially signals the first clues that the NASDAQ may be putting in an interim low.<\/p>\n<p><a href=\"http:\/\/club.ino.com\/trading\/wp-content\/uploads\/2008\/10\/doji.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-737\" title=\"doji\" src=\"\/\/club.ino.com\/trading\/wp-content\/uploads\/2008\/10\/doji.gif\" alt=\"\" width=\"500\" height=\"332\" srcset=\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2008\/10\/doji.gif 811w, https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2008\/10\/doji-300x199.gif 300w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/a><\/p>\n<p>Take a look at the chart and see what you think. If the NASDAQ market closes higher than yesterday's high point, which is 1,806, then there's a good chance that we'll see this market at least have what some traders call a dead cat bounce.<\/p>\n<p>It is not profitable to try to pick the top or in this case a bottom. What you want to look for are clues that maybe, just maybe, the market is beginning to put in a low.<\/p>\n<p>Japanese Candlestick charts are a fascinating form of charting as they represent both a visual and psychology view of the market.\u00a0 If you're not familiar with this form of charting, INO.com will be happy to send you a e-book that explains most if not all of the major candlestick charting patterns. You can reach us at 1-800-538-7424, or email <span \n                data-original-string=\"oTwEJeQwPALI1P3sSp3F\/A==\"\n                class=\"apbct-email-encoder\"\n                title=\"This contact has been encoded by Anti-Spam by CleanTalk. Click to decode. To finish the decoding make sure that JavaScript is enabled in your browser.\"><br \/>\n        <span class=\"apbct-ee-blur-group\"><br \/>\n            <span class=\"apbct-ee-blur_email-text\">se*****@in*.com<\/span><br \/>\n            <span class=\"apbct-ee-static-blur\"><br \/>\n                <span class=\"apbct-ee-blur apbct-ee-blur_rectangle-init\"><\/span><br \/>\n                <span class=\"apbct-ee-blur apbct-ee-blur_rectangle-soft\"><\/span><br \/>\n                <span class=\"apbct-ee-blur apbct-ee-blur_rectangle-hard\"><\/span><br \/>\n            <\/span><br \/>\n            <span class=\"apbct-ee-animate-blur\"><br \/>\n                <span class=\"apbct-ee-blur apbct-ee-blur_rectangle-init apbct-ee-blur_animate-init\"><\/span><br \/>\n                <span class=\"apbct-ee-blur apbct-ee-blur_rectangle-soft apbct-ee-blur_animate-soft \"><\/span><br \/>\n                <span class=\"apbct-ee-blur apbct-ee-blur_rectangle-hard apbct-ee-blur_animate-hard\"><\/span><br \/>\n            <\/span><br \/>\n        <\/span><br \/>\n<\/span> to ask for the candlestick e-book.<\/p>\n<p>I know the e-book will help your trading as it did mine.<\/p>\n<p>Every success in trading,<\/p>\n<p><a href=\"http:\/\/club.ino.com:80\/trading\/wp-content\/uploads\/2008\/05\/adamnew.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-429\" title=\"Adam Hewison \" src=\"\/\/club.ino.com:80\/trading\/wp-content\/uploads\/2008\/05\/adamnew.jpg\" alt=\"\" width=\"100\" height=\"76\" \/><\/a>Adam Hewison<br \/>\nPresident, INO.com<br \/>\nCo-creator of MarketClub<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Never try and pick a bottom but look for the clues The action yesterday on the NASDAQ was particularly interesting as market movement resulted in a \"gravestone doji,\" which is a Japanese Candlestick formation that often signals a turnaround. What a \"gravestone doji\" means is that the buyers and sellers are in an evenly matched [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1080,357,1081,1078,1079,360,619,1076,1077],"class_list":["post-738","post","type-post","status-publish","format-standard","hentry","category-trading-tips","tag-candlestick-ebook","tag-candlestick-formations","tag-candlestick-setups","tag-dead-cat-bounce","tag-free-ebook","tag-gravestone-doji","tag-nasdaq","tag-pick-bottoms","tag-pick-tops"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v23.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Never try and pick a bottom but look for the clues - INO.com Trader&#039;s Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wwwtest.ino.com\/blog\/2008\/10\/never-try-and-pick-a-bottom-but-look-for-the-clues\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Never try and pick a bottom but look for the clues - INO.com Trader&#039;s Blog\" \/>\n<meta property=\"og:description\" content=\"Never try and pick a bottom but look for the clues The action yesterday on the NASDAQ was particularly interesting as market movement resulted in a &quot;gravestone doji,&quot; which is a Japanese Candlestick formation that often signals a turnaround. 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