Developed in the 18th century by Homma Munehisa, candlestick charts were designed to give rice traders a simple open,high,low, and close view of the markets. Due to the ease of reading, candlestick charting become the preferred method of market analysis, and traders quickly began studying their usefulness in predicting future market direction. Candlestick charts were applied to the stock market first by Charles Dow around 1900, and popularized in the US by Steve Nilson in the late 1980s

November 29th, 2009
Money maker
Posted in
