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 (714)	11/22/1997 5:43:00 PM
From: Tom L. French	Read Replies (1) of 1589

Steve Right! RMBS (story IPO with strategic implications someone said) is not one minute, but then there's news there! Right? And as a contrarian, since you gave me that, I'd ask--without more than a quick glance moments ago--based on past experience with these hyper jumps, will it follow through with even more? ...or might it make sense to wait a bit? How, I ask you, can candlesticks help with that question? I just looked at that chart again and there is the answer... hanging man there yesterday morning (on a 30 minute chart). My hunch is that even with all that good volume and gain, just based on the chart and having seen this before and wanting to jump in, it is too late for this move...but let's find another one...you've shown you have some good ideas already. What do you follow BTW? What is your source for learning about INDEX trading. I didn't know that about what level 2 can actually show you; I have figured for a while that it is/will become a necessity. Have it in Paris? BTW sounds very very expensive over there? We get spoilled with these costless calls here. Regards, TomLF

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