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 (651)	11/20/1997 11:16:00 AM
From: Esteban	Read Replies (1) of 1589

Steve, I've started watching intraday candlesticks, 12 minute and 1 hour, mostly with the SPY since it is a direct trading vehicle for the S&P 500. Too early for conclusions. Here's a question for you. I see a signal during an uptrend like say a hanging man. I wait for confirmation, but the next period is a nice stable reasonably long white candle. This is followed by a black tasuki line that does not make an established pattern. Is the hanging man still probative or does the bullish candle that followed it negate it's value? Are you watching the index candlestick charts today? Esteban

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