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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: vampire who wrote (32511)2/22/2002 5:04:45 PM
From: Caxton Rhodes  Read Replies (2) of 99280
 
If we get a big white candle on Monday, that will be a Morning Star as well. Combined with the two other hammers that is definitely a bottom according to candle theory. While I use candles, I will be more convinced when we have a breakout from the downtrend to officially declare a short term bottom.

Hung on today by the skin of my teeth, had the finger on the sell trigger at 31, if it hadn't bounced off 31 so fast I would have sold a chunk. The reason I wasn't out at 32.5 was that, as I have repeated, the candle and volume pattern is definitely indicating the bottom is near.

Cheers,

Caxton
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