Page 117 - THE MARKET WHISPERER

THE MARKET WHISPERER 11 5

Presentation of Candles over
Varying Lengths of Time

Traders operate within different timeframes than those used by
investors, but nonetheless they check every stock chart over the long term
and short term, as I will explain. When I want a total picture of the stock I’m
interested in trading, I alter the presentation to show different timeframes
and change the candles to show different timeframes, as explained further.

One of the stocks I am currently analyzing for potential purchase is
“Altria,” symbol MO. Altria is the number one cigarette manufacturer in the
world, known for Marlboro, Parliament, Virginia, and many other brands.
The trade opportunity can be identified easily according to a daily chart,
where every candle represents one day of trade:

Altria, MO – Daily Japanese Candle Chart for Three Months

As noted, in this chart each candle represents one day of trading. The
size of the chart in relation to the size of this book’s page is what prevents