Candlestick Charting--The unknown indicator Message Board

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Strategies & Market Trends : Candlestick Charting--The unknown indicator

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To: Gerald Walls who wrote (538)	10/2/1997 6:10:00 PM
From: Mitchell Jones	of 1589

Gerald,I don't believe ORBI's candle for today is anything except a long white day.If it had appeared in a downtrend it would have been called a "Piercing Line" and would have had bullish implications,but a downtrend was not really in progress (although yesterday was down)--so no call. Yesterday's candle did have a name-- "Dark Cloud Cover".It is the opposite of Piercing Lines,since it appears in an uptrend and signals a market turn downward.It was not confirmed by today's action so we don't really have a candlestick guide for ORBI. Mitch

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