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Strategies & Market Trends : YEEHAW CANDIDATES

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To: Sergio H who wrote (6105)12/13/2004 1:30:16 PM
From: Galirayo  Read Replies (1) of 23958
 
Sergio, Now you're stroking me. Whadda want?

lol..

Hey .. remember that Long Legged Doji I mentioned to you on the SOX? Well it was followed by that black spinning top which basically gave no confirmation for a reversal to the ST downtrend. However today forming intraday is an Inverted Hammer in Harami Position. Harami meaning pregnant.
hotcandlestick.com

If it still shows this hammer EOD [end of day] it's another reversal candle. If we get a Confirming White candle tomorrow the Chips may actually follow the Software and Cellular lead a bit here. Or at least participate.

The current downtrend was trying to form an 8 to 10 new price low but we're only on day 7 even though it went up after that black gravestone doji in Harami on the 2nd. I'm not calling the 6th a reversal candle. Which i think puts the reversal on the 2nd. They turn on 7 days or 6 days often and never hit the 8 to 10 especially in an uptrending market.

Thoughts on the SOX ?? Book to Bill is out when ? Wed?

bigcharts.marketwatch.com

Ray
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