Candlestick Charting--The unknown indicator Message Board

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

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To: MonsieurGonzo who wrote (581)	10/14/1997 11:29:00 PM
From: HeyRainier	of 1589

Ugh...that's not an attractive chart to try and get involved in. It reminds me somewhat of CYMI's recent activity. I think a good coin toss will get you an equivalent result. I tend to stay away from the more volatile issues that don't provide a clear picture. No amount of candlestick analysis can help out in a situation like this, in my opinion. As for DELL and CPQ, I think it'll be a given that tomorrow will show some weakness due to INTC missing estimates. Weekly MACD on DELL turned negative, indicating a halt to its advance for the next few weeks(that pattern somewhat resembles an evening star, doesn't it?); it's still a very strong issue though. Now would be a good spot to take profits. Regards, Rainier

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