Candlestick Charting--The unknown indicator Message Board

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Strategies & Market Trends : Candlestick Charting--The unknown indicator

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To: DriverX who wrote (1558)	1/26/2000 7:39:00 AM
From: JDinBaltimore	Read Replies (1) of 1589

DriverX, Recently started to implement candlesticks trading the SPX, am using Nison's "Japaneese Candlestick Charting Techniques." He dosen't recommend using charts less than 30 minutes because to many Doji are formed not giving adequate time and allowing the doji to perform it powerful top indication performance. It ahs been working good in this recent downtrend. I've found that Daily with 60 minute charts work good. Anyone with experience get a 3 buddha top on SPX daily? Also I've noticed a small down window on SPX 60 minute charts between 1418.27 and 1417.93. Any significance? If so, I would guess a close of the window to 1420 area, then to head lower, to retest 1387 area. Best and thanks John

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