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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 681.44+1.6%Nov 10 4:00 PM EST
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To: Casaubon who wrote (51374)5/20/2000 12:20:00 PM
From: el paradisio  Read Replies (1) of 99985
 
Casaubon,those long shadow candles,you can read them in both
ways in that position. Look at 2 last candles:
The last black body and long upper shadow can be read as an inverted hammer.
Take a previous one,with the white body. That white body is longer than the black body and the shadows are almost identical in both candles.
Looking at the support line, it seems to me that both of them are marking that support at 636.
Judging after triangles...a decision point.
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