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 (958)	12/15/1997 10:11:00 PM
From: ted birnbaum	Read Replies (2) of 1589

A few candle reads: SPY - looks nuetral, 60 mins show bearish engulfing but the daily and weekly show a tred reversal. INDU - amazingly similar to the SPY COMPX - (NASD index) 60 mins shows a possible top to the short little recovery we had which started at around 3pm. Daily nice dragonfly doji indicating we may have seen the bottom of the NASD slide or at least tomorrow will be a confirmation day. Weekly showing same as daily but need to get a full week in to really see anything. CTXS - nice chart to short, tho I still dont trust that stock I had a limit short in back in the 80's but i guess I was just a little too greedy or cautious depending on how you look at it.

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