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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: sidney-8 who wrote (50606)	5/12/2000 6:09:00 PM
From: patron_anejo_por_favor	Read Replies (1) of 99985

An evening star is a series of 3 candle sticks with the following pattern: White stick, Doji (a stick where the open-close range is small relative to the overall range of the day), Long Black stick, preferably engulfing the white stick of 2 days prior. (See ETEK, 4/28, 5/1, and 5/2 respectively) 207.61.23.98. It is a bearish formation that strongly suggests a downside reversal. The bullish counterpart to this is a morning star, which indicates a bottom and consists of a black candle, lower Doji, and white candle (see ETEK graph, 4/20, 4/21 and 4/24). There are several good books on TA. My favorites are: 1)Morris: Candlestick Charting Explained amazon.com 2)Murphy: The Visual Investor (a good beginner's text w/software) 3)Weinstein: Secrets for Profiting from Bull and Bear Markets amazon.com 4)Pring: Technical Analysis Explained amazon.com

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