Candlestick Charting--The unknown indicator Message Board

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Strategies & Market Trends : Candlestick Charting--The unknown indicator

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To: The Perfect Hedge who wrote (879)	12/6/1997 2:03:00 PM
From: Broken_Clock	Read Replies (1) of 1589

Glen, I just went through about 20 of the OSX's we follow on drillers' thread. Very powerful reversal indicators formed on weekly candle charts. I used 60 week, BB, RSI, momentun, volume, moving average. Looks like the correction is over. I am looking at 2-4 week call plays on some of the hardest hit. EVI is one of the best bets. Hasn't recovered as much ground as RON or CDG. MDCO is another one to look at.EVI target by January looks like about $68.BTW...EVI weekly volume was highest in over a year. I assume that's the highest volume ever for this stock...and it did end the week up! I would also appreciate any other's comments. My rudimentary TA says support was tested across the board this past two weeks in the OSX and trend change is confirmed. Anybody agree/disagree?

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