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

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To: MonsieurGonzo who wrote (1008)12/18/1997 9:46:00 PM
From: Esteban  Read Replies (3) of 1589
 
Steve,

Love the enya. I'm impressed.

Hi Se¤or Esteban

It's hard enough getting the direction right without having to worry about the premium dumping on you in addition. It's likely to work the other way too, not go up as much as it should when you're right. Of course, if you find out why it worked against you in this case, maybe next time you can turn it to your advantage. I'll stick to SPY for now. My signals have been good this week both up and down, more than offsetting two false starts last week. They haven't been based in candlesticks, so I haven't been publishing them.

Donald Sew is right on so often that you might have a good chance to come out OK on your OEX calls. I'm expecting a reversal signal tomorrow. Of course, I'll wait to see it happen before reversing. (:>)

Esteban
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