Some things I learned today about candlesticks. Each candle represents a session, which could be as short as 5 minutes or as long as a week. They work for all different time frames because they are in relation to other candles with the same time stamp. Candlesticks can be either red, the close is lower than the open, or green, the close is higher than the open. The thin lines above and below the colored bodies are called shadows. The colors and lengths of the body indicate a bullish or bearish response. By looking at the shapes of the candles you can understand the true strength of supply or demand in the individual stock. Larger candle bodies will be the prevailing trend while smaller bodies will represent the reversal of a trend.
Ranan G. - Intern
Restoring Credit Flow to Small Businesses
July 12, 2010 This morning at the Federal Reserve Meeting, Chairman Ben Bernanke spoke about the financial needs of small businesses. This meeting was the culmination of 40 previous meetings around the country starting in February. These meetings addressed specific topics, such as guaranteed loan programs or minority entrepreneurship. The purpose of these meetings was to obtain information that can be used to help create policies that will support loans for creditworthy small businesses.
Small businesses are crucial to the American economy because they employ about fifty percent of all Americans and about 60 percent of gross jobs creation. Although these businesses are integral, bank’s loans have dropped from over $710 billion in the second quarter of 2008 to less than $670 billion in the first quarter of 2010. This decrease can be due to one of three factors: less of a demand for loans, a decrease in the financial state of small businesses, or restrictions on credit.
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