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

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To: ftth who wrote (607)10/29/1997 9:36:00 PM
From: ftth  Read Replies (1) of 1589
 
P.S. I also think it would be most constructive if the market consolidates over the remainder of the year. When the entire universe of stocks is consolidating, the breakout thereafter is always the most profitable scenario. New leaders emerge (clearly), and the largest profits are made shortly thereafter. If we were just to move back up from here without consolidating, the pickin's are much slimmer and the percentage rise much narrower than if the entire universe of stocks consolidates.

dh
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