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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Chris who wrote (9690)6/5/1998 4:29:00 PM
From: AlanH  Read Replies (4) of 42787
 
Candlesticks for SPX...

Wow, what a day! SPX was chasing SP8M all session. Candlesticks were reliable today, with fewer formations.

Trade commenced with Hanging Man which was non-confirmed. Immediately thereafter, Shooting Star was followed by Morning Star (both bullish) with confirmation. Uptrend reversed after 1:10, with no downtrend indicator; the lack of bearish formation/s suggested that the upward trend was overall intact. At 2:10, Hammer (bullish) occurred and was immediately followed by Morning Star; however these formations were not confirmed. At 2:40, Hammer occurred at the bottom of trend and was confirmed -- a signal to reinforce SPX related issues.

If the analysis sounds retrospective, understand that in real-time I was trading on these observations. I will be happy to post observations near real-time (as practical) if a sufficient interest is shown. Otherwise, I'll assume the information is distracting.

Have a good weekend.
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