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Strategies & Market Trends : Charts for Quick CASH $$$

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To: N/E PATSFAN who wrote (4152)	10/10/1997 1:10:00 AM
From: Galirayo	of 9262

[EXSO] Hi, NEPF. The Trend is IMHO Up. I look to the DMAs for the Trend. They are very reliable .. especially the 50dma. The candles are short term. And the Candle *Patterns* are a little more accurate a little longer short term. I look to the candles and the Candle Patterns a lot. Yes, it really does matter where the body of the candle is. If it's inside of a larger one it's an Hirami. They can also be a Dark Cloud Cover or other patterns. Spinning Tops are normally harmless. The tend to give me some grief the next day but they are not a reversal Candle. Here, Look at it this way. On 10/07 with XCL there is a Pure White Perfect Bozu (that's power). It followed the White Closing Bozu on 10/06 which is the Flagship Candle. It will retain the Throne until another reversal candle shows. Now a little black spinning top scares off some shares because it's Hirami. The entire day traded lower than the high of yesterday. Next comes a DragonFly Doji. They close on the High. Someone wants to buy at the high at the close ??? You're kidding?? Now ... Tell me what do you think tomorrow will be. I'll guess Up. Ray

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