Japanese Candlestick Techniques Message Board

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Strategies & Market Trends : Japanese Candlestick Techniques

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To: Topper99 who wrote (35)	8/16/2000 10:05:33 PM
From: technbio	Read Replies (1) of 60

My understanding of your chart (PLMD) , yesterday (august 15) it was a gravestone doji who call usually a top or a bottom reversal (in your case) usually it is more accurate on a top then to call a bottom reversal in your case it seems to call a bottom because it have a star pattern.. Beware or the resistance line around 36 (200 ma) IMHO I could be wrong .... askresearch.com Here a top on BRA (Can$ or biom on Nas) I think May try to short it depending where it go tomorrow Following it anyway sold it today at 14 askresearch.com BTW My reading about japanese candlesticks (Mostly Steve Nison) usually it is more cautious to wait a confirmation before doing a move I'm not always doing it sometimes it pay sometime it cost :-) P.S. My concern on the trend of that stock it is the gap between each day usually that is really bullish and i know that the resistance it ts around 16 so I am on the sideline to know if i'm going short or long It is even a doji star pattern who should call a top.... Any comments ... Bye Jacques

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