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)	11/23/1997 10:58:00 PM
From: Esteban	Read Replies (2) of 1589

Steve, >>the OEX went down to around 916~917, which persisted until the close (made a beautiful Hammer on the 90-minute chart).<< SPY (AMEX S&P Spider) made a nice hanging man Friday on the daily chart. Two hours before the close the 60 minute made a perfect bearish engulfing pattern. Both at likely spots on the chart. The strength of the last half hour rally caught me by surprise and is at important intraday resistance now. Strong open would blow my short play away, and I'll have to reverse on the breakout. Noticed that the other indices didn't match the classic picture like the SPY daily. Happy trading, Esteban

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