Thanks Madmacs and Dascore, you've prioritised several concepts for me to review this afternoon. Your help is greatly appreciated.
Madmacs, you said "I know you are talking TA principles here but Gosh Monthly Charts is pushing it a bit", and I wonder in which way do monthly candles push the envelope? Do they contain too many data points?
I was actually pondering the monthly candles last night, and I can't for the life of me see why the real body is important. The wicks show the high and low for the month but a real body determined by the first and last days seems a bit arbitrary as stocks don't react to the open/close of a month as they do to the open/close of the day. Obviously wickless candles have implications for sentiment but beyond that I'm lost.
Well thanks again Totterdell, Paul, Madmacs and Dascore, talking it over with actual chartists is often the only way I can get my head around these questions.
