Question

In the late 1980s several __________ became interested in candlesticks. In the UK _________ , who was then head of TA in _________ for _________, began using candlesticks in his ________ , and started introducing the ideas to __________.

a) Stock traders; John Smith; London; a major investment bank; trading strategies; his colleagues
b) Dentists; Sarah Brown; Manchester; dental research; her patients
c) Teachers; Mark Davis; New York; education; his students
d) Athletes; James White; Tokyo; sports training; his coach

Answer 1

In the late 1980s, stock traders such as John Smith in London began incorporating candlestick charting into their trading strategies. Despite comments of optimism, the infamous Wall Street crash of October 29, 1929 was an expected event, and it left a significant mark on history.

Step-by-step explanation:

In the late 1980s several stock traders became interested in candlestick charting. In the UK, John Smith, who was then head of Technical Analysis in London for a major investment bank, began using candlesticks in his trading strategies, and started introducing the ideas to his colleagues. This method of financial analysis became part of their trading strategies, adding new depth to the way they interpreted market movements and made their decisions.

The day before the stock market crash of 1929, Wall Street metaphorically "lit up like a Christmas tree." The next day, brokers and businessmen who had been fearing the worst, crammed into restaurants and speakeasies to seek relief through drinking. However, regardless of hope-filled newspapers that morning, the crash on Tuesday morning, October 29, was not entirely unexpected by the traders. The streets of the financial district were filled with children from nearby slums and tenement districts. These children played stickball in the streets of the financial district, using wads of ticker tape as balls. Despite the hope, the crash that followed left few truly surprised.