{"id":18874,"date":"2012-05-14T09:55:51","date_gmt":"2012-05-14T13:55:51","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=18874"},"modified":"2016-09-20T11:42:09","modified_gmt":"2016-09-20T15:42:09","slug":"candle-sessions-reversal-new-from-the-gang-at-bloomberg","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2012\/05\/14\/candle-sessions-reversal-new-from-the-gang-at-bloomberg\/","title":{"rendered":"Candle Sessions Reversal &#8211; New From The Gang at Bloomberg"},"content":{"rendered":"<p>While the actual indicator is not new, it is now available on the Bloomberg Professional platform. My friend Bill Sindel is a whiz at making these indicators come alive on Bloomberg charts. This one I like as it has some interesting applications for a longer time-frame as shown below for the S&amp;P 500 monthly.<\/p>\n<p>On a monthly and weekly time-frame, the trend has now<!--more--> turned down. On a daily basis there was recently a low seen, so a reprieve of the selling may show up for a short time until the next wave will potentially begin again.<\/p>\n<p style=\"text-align: center;\"><a class=\"twitter-follow-button\" href=\"https:\/\/twitter.com\/andrewhorowitz\" data-show-count=\"false\">Follow @andrewhorowitz<\/a><script type=\"text\/javascript\" src=\"\/\/platform.twitter.com\/widgets.js\"><\/script><\/p>\n<p>Note that this indicator does not call every single move and it is not easy to change the direction of the trend when it is established and the counts begin.<\/p>\n<p>Just some further evidence that equity markets are showing signs of caution.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2012\/05\/candlesession-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-18910\" title=\"candlesession\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2012\/05\/candlesession-1.jpg\" alt=\"\" width=\"552\" height=\"364\" \/><\/a><\/p>\n<blockquote><p>This Reversal Indicator is based on Japanese candlestick counting. An underlying trend is established by comparing consecutive down\/up candles to identify the Record Session Low\/High. Thereafter a sequence of opposite moving candles based on High\/Low breaks are recorded until the maximum count is reached or until a new Record Session Low\/High is found. Potential reversals tend to occur at counts of 8, 10 or 13!<\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<h1 style=\"text-align: center;\"><em><strong>Live and Alerting <\/strong><\/em><\/h1>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.triggerpointresearch.com\/subscription\/signup\"><img loading=\"lazy\" decoding=\"async\" title=\"tpr\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2012\/05\/tpr-2.jpg\" alt=\"\" width=\"334\" height=\"73\" \/><\/a><\/p>\n<p style=\"text-align: center;\">(<strong>Click the above for more information<\/strong>)<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>While the actual indicator is not new, it is now available on the Bloomberg Professional platform. My friend Bill Sindel is a whiz at making these indicators come alive on Bloomberg charts. This one I like as it has some interesting applications for a longer time-frame as shown below for the S&amp;P 500 monthly. On [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[12],"tags":[483,362],"class_list":["post-18874","post","type-post","status-publish","format-standard","hentry","category-markets","tag-markets","tag-techincal-analysis","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/18874","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=18874"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/18874\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=18874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=18874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=18874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}