MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.92

-0.7%

Dec 31 4:00 PM EST

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To: JungleInvestor who wrote (76301)	5/1/2001 1:49:44 PM
From: eichler	Read Replies (1) of 99985

JungleInvestor, I'm not a guru, but I use candlesticks to good effect. IMO, candlesticks have to be considered in context of the others preceeding and following. Yesterday's candlestick featuring higher high and low than the preceeding is bullish. The doji feature itself could indicate a reversal (bearish). Today's candlestick (incomplete) with lower low and lower high is bearish. This could improve by the end of the day. I am currently considering the current trading range as defined by a symmetrical triangle on the 60 minute chart as key to the next move. Break either way will be telling. Hope this helps. Don Sew who used to post on the seemingly defunct Stock Attack Thread is a candlestick guru, IMO. Here is one source of information: litwick.com Regards, Eichler

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