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Strategies & Market Trends : Candlestick Charting--The unknown indicator
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To: Tom Shutters who wrote (668)11/20/1997 11:20:00 PM
From: ftth  Read Replies (1) of 1589
 
Tom: Just curious as to why you're hoping it doesn't gap up? Also, I havn't found the harami to be very high on my list of reliable patterns.....have you? Plus, strictly speaking, I think this would be considered an inside day rather than a harami because the body size indicates a tad too much disagreement between the open and the close (but what's in a name--it's the underlying significance or interpretation that matters). Volume was none too impressive today also. One more thing: I wondered if you're using the technicals you have shown because they don't correlate with a bullish tendency too well (but I don't generally look at these types of scenarios--I'm more of a breakout to new highs buyer--so perhaps you view the technicals under these conditions from a different perspective than I do).

dh
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