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Strategies & Market Trends : Technical Analysis - Beginners

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To: Michael Watkins who wrote (11189)2/1/2001 12:16:32 AM
From: Trader X   of 12039
 
on shooting stars,

you make a good point micheal, that all candlesticks need to be confirmed by the following day.

On closer inspection, not so many were actually shooting stars, since they had not gapped up to open, and many had shadows as well. KLAC and some other semi equips like ASYT seem to have made an Advance Block, which is a bearish reversal.

iqc.go2net.com

iqc.go2net.com

Now the market has to wait another 2 months before it can get it's next rate cut fix. During that time we will endure a lot of bad news. It could get ugly out there.
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