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Strategies & Market Trends : Charts for Quick CASH $$$
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To: Galirayo who wrote (4959)11/10/1997 9:04:00 PM
From: Eakole  Read Replies (1) of 9262
 
Ray, . . . First, allow me to thank you for the gift of your valuable time in supporting me in my efforts to profit from my speculations and investments. You have given me many insights I did not have previously.
Before I ask the question let me first say I am a novice to the Candlestick methodology in Stock Analysis but I am reasonably familiar with the Magee & Edwards thoughts on the same subject. I find both systems compatible and complimentary to each other.
I am also aware that these systems are as much a science as they are an art. (probably an art more than a science). . .
In your reply #4959 you listed several stocks as having developed candlestick patterns consistent with that of <3 white soldiers>.
One such characteristic is that the price of each candlestick <progressively closes at higher prices> . . .
Another is that <it is also best if prices open in the middle of the previous day's range or body>
Another is that <each should close at or near the high of the day>.
As I interprete Three White Soldiers, it identifies the END of a downtrend. It in effect says that the <downtrend has ended>.
The question is . . . In light of the foregoing descriptions, how can I reconcile GIGA, FDLNB or CKC, just to name a few, as being within the frame of Three White Soldiers? I do not see those characteristics. Perhaps I am not interpreting this correctly, please advise accordingly. Thank you, . . . .
Eakole
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