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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: sean sanders who wrote (19130)	7/2/1999 10:19:00 AM
From: Casaubon	Read Replies (1) of 99985

The implication of your post is that a hanging man candle was the signal for a downturn in a market. That is an incorrect assumption. In a rising trend, a hanging man candlestick can forewarn of a change in trend. Thus, it does not forecast a downturn; it could portend a sideways consolidation. The most salient feature I have learned about candlesticks is that reversal candlesticks imply an end to the old trend and a beginning of a new trend. That is all!

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