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Bluehorseshoe Utilities go up, yield goes down. I typed to fast. Thanks for the correction. James

The Utility index making a new high that is not confirmed by the 14 day RSI implies a high probability of a reversal. You are correct that if the utilities continue higher that does translate into higher yields. I am conjecturing that we are watching a top being made in the Dow-15. James

Watch the 30 year T-Bond yield in conjunction with the Dow Jones Utilities index. The long bond yield appears to be on its way to test the June low. The Dow Jones Utilities index which is often a harbinger of changes in long term interest rates closed at a new high today. The new high...

I think you are reading more into my post than you need to. I will again try and clarify. Some people scan a great number of charts to read the mood of the overall market. Finding a bunch of bullish candlestick patterns that tend to peter out the following day is not a good sign. It is as...

All I meant by using the word fail is that the pattern broke down and the stock or index did not move higher as expected. For example, a bullish engulfing pattern is expected to be followed by a white day with a higher close. Maybe I should have said there was no follow through. I don't...

Have you ever used Interactive Brokers? You can get data feed from them that will go into Excel. If you have an account with them, the data is free. Have you ever tried Amibroker charts? Amibroker I believe they will do what you want to do with lines. You can download a trial version...

You may have mistaken me for a day trader. While you trade indexes, I manage a potfolio of stocks and or short positions and seldom keep a position for less than six months. "Pattern Signals" and "entry signal " are just a couple of terms that I guess are used in short term trading vernacular...

That is of course, unless one is a position trader who scans charts of indexes and key stocks as a means determining future market direction. On Monday a good number of dow components closed in bullish candlestick formations. On tuesday they all failed to confirm. Tomorrow could go either way...

On Monday I noticed a great number of bullish candlestick patterns. On Tuesday, most of them failed. A good example is on the Chart of the NASDAQ composite below. James