Japanese Candlestick Techniques Message Board

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Strategies & Market Trends : Japanese Candlestick Techniques

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To: technbio who wrote (27)	7/13/2000 12:52:27 AM
From: ehasfjord	of 60

Finally got around to "replies". Still not used to this. The "classic def." of a harami cross is that the entire body and shadow fit inside the prior candle. From what I saw, it didn't. In addition, the body of the candle should be smaller (in proportion) to the rest of the candles. This does not appear to be the case. However, there is going to be a change! I don't like the black candle along side the long white. Take a look at the top shadow... It went up but the candle still closed down. Show that the market couldn't handle the up swing. What does appear to be, is that there is going to be a ???? either up, or down (my guess, and that's all it is), is down. Now, if you get three of these that are ALL contained within the prior candle + after these three, you get a white candle that shows upward movement + other factors such as divergence, golden cross etc... you may SOMEWHAT safely bet that the movement will be up. You showed a daily pattern. Check out the daily chart and 60 minute chart from siliconinvestor.com They both show "ugly" signs to me (if you are going long). Please remember that this is coming from someone who has a good till canceled order for CMGI @ 33.00 Take care and best wishes!

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