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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 14 4:00 PM EST

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To: donald sew who wrote (19129)	7/2/1999 12:38:00 AM
From: sean sanders	Read Replies (2) of 99985

Donald, I find a hanging man to be one of the most misrepresented candle patterns. At least in my experience ... I don't want to count the times I have played a stock using the 'hanging man' candle and then seeing it do something else other then go down. A few years back my mind was conditioned to think 'hanging man' probably go down ... now when I see one I just say to myself hmm interesting (that's because of lot's of lost $$$). anyways ... this doesn't have much to do with the NAZ and SPX etc but I had to get that out of my system ;) want a real life example take a look at IDTI (a stock I am currently in now) yesterday's data might have scared me out before but not now. The hammer is the candle that I still give some decent weight to when I see it. ie when considering one day candle patterns. anyways ... seeyas ;) Sean

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