Never try and pick a bottom but look for the clues

Posted on by The INO.com Team

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 tug-of-war and potentially signals the first clues that the NASDAQ may be putting in an interim low.

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.

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.

Japanese Candlestick charts are a fascinating form of charting as they represent both a visual and psychology view of the market.  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 se*****@in*.com to ask for the candlestick e-book.

I know the e-book will help your trading as it did mine.

Every success in trading,

Adam Hewison
President, INO.com
Co-creator of MarketClub

39 thoughts on “Never try and pick a bottom but look for the clues”

  2. please send the e-book on c-sticks.thanks

    —

    Please check your email. Your e-book on Candlesticks will be waiting for you.

    Best,

    Lindsay Thompson
    Director of New Business Development
    INO.com & MarketClub

  3. please send me a copy of the e-book on candle sticks and by the way thanks for everything you do my trading and profits have gone through the roof

    thank you

    —

    Please check your email. Your e-book on Candlesticks will be waiting for you.

    Best,

    Lindsay Thompson
    Director of New Business Development
    INO.com & MarketClub

  5. Could you please send me a copy of the candlestick e-book .

    Thank You.

    Regards,
    Perrin

    —

    Please check your email. Your e-book on Candlesticks will be waiting for you.

    Best,

    Lindsay Thompson
    Director of New Business Development
    INO.com & MarketClub

  7. Hi,
    May I have a copy of the e-book on candlestick charting patterns. Thank you.

    —

    Please check your email. Your e-book on Candlesticks will be waiting for you.

    Best,

    Lindsay Thompson
    Director of New Business Development
    INO.com & MarketClub

  8. Would appreciate a copy of your candlestick e-book

    Thank-you
    —

    Please check your email. Your e-book on Candlesticks will be waiting for you.

    Best,

    Lindsay Thompson
    Director of New Business Development
    INO.com & MarketClub

  9. Kindly send me a copy of the Candlestick ebook, that you are offering. Thank. you

    —

    Please check your email. Your e-book on Candlesticks will be waiting for you.

    Best,

    Lindsay Thompson
    Director of New Business Development
    INO.com & MarketClub

  10. Thanks for your great site. Please send candle stick charts.

    —

    Please check your email. Your e-book on Candlesticks will be waiting for you.

    Best,

    Lindsay Thompson
    Director of New Business Development
    INO.com & MarketClub

  11. Kindly send me candle stick info
    —

    Please check your email. Your e-book on Candlesticks will be waiting for you.

    Best,

    Lindsay Thompson
    Director of New Business Development
    INO.com & MarketClub

  12. Kindly send me a copy of the Candlestick ebook, that you are offering. Thank. you

    —

    Please check your email. Your e-book on Candlesticks will be waiting for you.

    Best,

    Lindsay Thompson
    Director of New Business Development
    INO.com & MarketClub

  13. Kindly send me a copy of the candlestick ebook you are offering. Thank you very much!

    Muhammad Nawaz

    —

    Please check your email. Your e-book on Candlesticks will be waiting for you.

    Best,

    Lindsay Thompson
    Director of New Business Development
    INO.com & MarketClub

  14. Hi
    Could you please send me a copy of the candlestick e-book thank you.

    Regards
    Ray

    —

    Please check your email. Your e-book on Candlesticks will be waiting for you.

    Best,

    Lindsay Thompson
    Director of New Business Development
    INO.com & MarketClub

  15. Please send a copy of the candlestick ebook you are offering. Thank you very much!

    Rick

    —

    Please check your email. Your e-book on Candlesticks will be waiting for you.

    Best,

    Lindsay Thompson
    Director of New Business Development
    INO.com & MarketClub

  16. Please send a copy of the candlestick ebook you are offering. Thank you very much!
    Joe

    ---

    Please check your email. Your e-book on Candlesticks will be waiting for you.

    Best,

    Lindsay Thompson
    Director of New Business Development
    INO.com & MarketClub

  17. Could you please send me the candlestick e-book. Thank you very much.

    ---

    Please check your email. Your e-book on Candlesticks will be waiting for you.

    Best,

    Lindsay Thompson
    Director of New Business Development
    INO.com & MarketClub

  18. can you please send me your candlestick e-book

    thanks

    ---

    Please check your email. Your e-book on Candlesticks will be waiting for you.

    Best,

    Lindsay Thompson
    Director of New Business Development
    INO.com & MarketClub

  19. Please send me your candlestick e-book

    ---

    Please check your email. Your e-book on Candlesticks will be waiting for you.

    Best,

    Lindsay Thompson
    Director of New Business Development
    INO.com & MarketClub

  20. Hello there,

    Could you please send me the Candlestick e-book
    Also?...

    Many thanks!...

    ---

    Please check your email. Your e-book on Candlesticks will be waiting for you.

    Best,

    Lindsay Thompson
    Director of New Business Development
    INO.com & MarketClub

  21. please send me the candlestick e-book

    thankyou

    ---

    Please check your email. Your e-book on Candlesticks will be waiting for you.

    Best,

    Lindsay Thompson
    Director of New Business Development
    INO.com & MarketClub

  22. candlestick pattern are the best but please cross checq it with other indicators before going to trade. Now a days mkt opreatrors create .........

  23. Please send me your candlestick e-book. Thanks

    ---

    Please check your email. Your e-book on Candlesticks will be waiting for you.

    Best,

    Lindsay Thompson
    Director of New Business Development
    INO.com & MarketClub

  24. May I as well have the candlestick e-book

    Thank you

    ---

    Please check your email. Your e-book on Candlesticks will be waiting for you.

    Best,

    Lindsay Thompson
    Director of New Business Development
    INO.com & MarketClub

  25. please send the ebook

    ---

    Please check your email. Your e-book on Candlesticks will be waiting for you.

    Best,

    Lindsay Thompson
    Director of New Business Development
    INO.com & MarketClub

  26. Hi, Adam, et. al.: Love your stuff. May I have a copy of your candlestick e-book? Thanks.

    ---

    Please check your email. Your e-book on Candlesticks will be waiting for you.

    Best,

    Lindsay Thompson
    Director of New Business Development
    INO.com & MarketClub

  29. Adam, you are the man. I have learned so much from you guys!I bought the DDM this morning at DOW down almost 700 and sold it on the mid day launch. Knowing metals/mining always lead the charge, I bought RIO at $11.30 and sold it for $12.27 a couple hours later. What more could you ask for!

    Thanks for everything!

  32. please send me the candlestick e-book

    thankyou

    ---

    Dear Erik,

    Please check your email. Your e-book on Candlesticks will be waiting for you.

    Best,

    Lindsay Thompson
    Director of New Business Development
    INO.com & MarketClub.com

  33. Please send me a copy of candlestick e-book. Thanks in advance.

    ---
    Lakishma,

    Please check your email. Your e-book on Candlesticks will be waiting for you.

    Best,

    Lindsay Thompson
    Director of New Business Development
    INO.com & MarketClub

  34. Please send a copy of the candlestick ebook you are offering. Thank you very much!

    —
    Rich,

    Please check your email. Your e-book on Candlesticks will be waiting for you.

    Best,

    Lindsay Thompson
    Director of New Business Development
    INO.com & MarketClub.com

  36. Hi Adam,

    I was looking at some charts today, and the patterns from early 2000 to late 2002 are so similar to our current market mess, although the downward momentium this time is much stronger, with the downard slope being 150% steeper than last time. (The market took 18 months to reach similar levels last time, 12 months this time)

    To me, the chart looks like we'll probably get an intermediate bounce, similar to the bounce we got between September of 2001, and March of 02.

    I think the bottom is near, and that the 800 level on the S&P 500 will hold.

    One thing I'm finding interesting is how low volume has been during on the S&P 500 the past 7 years when compared to the last 90's / early 2000's. It was pretty clear when the bear was fasing last time because voulme continued to tank until it reached more "normal" levels.

  37. Hello..please send me the candlestick e-book you are offering. thankyou

    ---
    Bill,

    Please check your email. Your e-book on Candlesticks will be waiting for you.

    Best,

    Lindsay Thompson
    Director of New Business Development
    INO.com & MarketClub.com

  38. May I have a copy of candlestick ebook.
    Thank You
    Donna

    ---
    Donna,

    Please check your email. Your e-book on Candlesticks will be waiting for you.

    Best,

    Lindsay Thompson
    Director of New Business Development
    INO.com & MarketClub.com

  39. please send me your Japaneses candlestick ebook. Thank you.
    Patrick Murphy

    ---
    Patrick,

    Please check your email. Your e-book on Candlesticks will be waiting for you.

    Best,

    Lindsay Thompson
    Director of New Business Development
    INO.com & MarketClub.com

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