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Technology Stocks : Intel Corporation (INTC)
INTC 35.10+2.3%Nov 19 3:59 PM EST
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To: Dom B. who wrote (52860)4/13/1998 9:25:00 PM
From: Pullin-GS  Read Replies (1) of 186894
 
>>Perhaps you outa re-read the candles on this one.
>>Seems to me that a morning star signalling a reversal
>>was formed on Wed last week.

Hmmmm. Morning star on Weds, eh?

My chart shows a long black candle on monday, followed by another black candle that OVERLAPS monday's (in order to be a morning star the second candle must be aWHITE body (this one is black) that GAPS below the 1st day's black candle...no overlap. No where near a morning star.

And finally the third candle of the pattern must be a WHITE (not black as is the case here) that GAPS above (not close down as it did on weds.) the second day. This would also eliminate a morning star.

Could I suggest a fine book on Candlesticks?

I consider this book the TA Candlestick bible (of which where I quoted the above pattern requirements).
Japanese CandleStick Charting Techniques
By Steve Nison
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