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Tuesday, September 25, 2007

One More Candlestick Pattern That Can Make You Money

By Rick Pendergraft

In ETR #2123 and #2124, I told you about how to use candlestick patterns to help you decide what sort of trades you should be making. Today, I want to tell you about another set of candlestick patterns that can help you decide when to enter and exit trades: the Bullish Engulfing and the Bearish Engulfing patterns. (Click here to see examples.)

Once again, these are reversal patterns, just like the Doji, the Hammer, and the Shooting Star patterns.

They are called engulfing patterns because the body of one day engulfs the entire body of the previous day. These patterns show a shift in momentum: The bullish engulfing pattern is a sign that the bulls have seized control from the bears, and the bearish engulfing pattern is a sign that the bears have sized control from the bulls.

Whether you are a short-term trader looking for small, quick moves or a long-term investor looking to time your entries and exits better, candlestick patterns should help make your decisions more profitable.

[Ed. Note: Rick Pendergraft is a market expert and two-time winner of the "Top Trader" award at Schaeffer's Investment Research.]
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The Truth About Coconut Oil

By Ray Sahelian, M.D.

Readers of my newsletter have been asking me if what they've been reading on the Internet about the benefits of coconut oil - which used to be considered detrimental to heart health - is true.

Some websites are making claims for coconut oil that seem to go beyond what the limited research tells us. One website claims, "Coconut Oil Is The Smarter Fat That Helps Promote Weight Loss." Another claims, "Coconut Oil Can Cure Your Hypothyroidism." Still another claims, "In traditional medicine around the world coconut is used to treat a wide variety of health problems, including the following: abscesses, asthma, baldness, bronchitis, bruises, burns, colds, constipation, cough, dropsy, dysentery, earache, fever, flu..." and the list continues through the rest of the alphabet.

Most smart nutritionists never thought coconut was unhealthy. After all, people in many parts of the world have been consuming coconuts for many years, sometimes in large amounts, with no apparent adverse effects. Coconuts and coconut oil are healthy additions to one's diet. The problem arises when marketers and promoters make it seem that these are miracle foods, and people then think that the more they consume, the healthier they will be. Thus, their diet goes off balance and they fail to incorporate other healthy food choices.

Those who never or rarely consume coconut or coconut oil products would likely derive some health benefits by incorporating coconut in their diet. However, those who consume coconut on a regular basis aren't likely to incur additional benefits - particularly if the excess coconut increases their caloric intake or is a substitute for the beneficial oils found in flaxseed or fish oils.

I don't think that large amounts of any oil are healthy... no matter what you read on the Internet. Instead of consuming large amounts of one type of oil, try small amounts of a variety of oils. This way, you'll get the benefit of a number of different fatty acids rather than just one. In my opinion, fish oils and flaxseed oil are your healthiest options, but olive oil and small amounts of coconut and other oils can certainly be part of your diet.

As much as possible, ingest your oils without heating them. If you do use them for cooking, keep the cooking temperature as low as possible.

[Ed. Note: Ray Sahelian, M.D., the author of Mind Boosters, is internationally recognized as a moderate voice in the evaluation of natural supplements.]
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It's Fun to Know: The Lunar Ark

A group of experts from around the world are recommending that a moon-based archive of our planet's culture, learning, and technology be created to help civilization recover in case of a planet-wide disaster (such as an asteroid or comet impact similar to the one that wiped out the dinosaurs). Members of the France-based International Space University are laying the groundwork for this project, hoping to start landing archives-armed robots on the moon soon.

(Source: National Geographic)
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Word to the Wise: Otiose

Something that's "otiose" (OH-shee-ose) - from the Latin for "leisure" - is lazy, useless, or ineffective.

Example (as used by Peter Conrad in New Statesman): "The umlaut he affected, which made no difference to the pronunciation of his name, was as otiose as a pair of strategically positioned beauty spots."

Michael Masterson
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These articles appear courtesy of Early to Rise [Issue #2148, 09-15-07], the Internet's most popular health, wealth, and success e-zine. For a complimentary subscription, visit http://www.earlytorise.com/.

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