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Pastimes : ASK Vendit Off Topic Questions

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To: Northern Marlin who wrote (15967)	11/6/2000 9:13:19 PM
From: Vendit™	Read Replies (2) of 19374

Phil I find candles good for one thing.....one day at a time rather than grouped readings for the most part. The one which formed today is called a spinning top which means that investors are undecided. This mode can be seen as an early warning of a reversal on an uptrend. The thing you want to do now is try to confirm that candle by use of other indicators. askresearch.com After entry into a stock I always change my stochastic daily setting from 15-5-5 to 5-3-3 which shows me a top in the making much faster. WJCI is showing stochastic over 80 which is over bought and also points to a reversal. Williams %R has an excellent ability to anticipate price extremes and many times forms a top or bottom and reverses days before the securities does. Williams showing a possible top. MACD is the only puzzling indicator......it suggest higher tomorrow........ a stop is a good idea IMO if you are in this one. You are protected from a down draft.....but can ride any continued up draft.......trailing your stop each day. JMHO

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