Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: stan s. who wrote (24920)	8/22/1998 9:54:00 PM
From: epicure	Read Replies (1) of 94695

Absolutely- I see these as very short term indicators. I even use candles on the 5 min chart and find them very predictive when used with RSI, bollingers, and momentum. I saw a tweezer bottom and bullish engulfing 5 days ago- that was bullish. Then weds we had the evening star form, though on weds it was still just a Harami because the down leg of the evening star had not been formed yet. Then we had Fridays action and one could see that a hammer was forming in the action. It doesn't mean the bear is gone, or the bull is here to stay it ONLY means that a bullish formation has been created on the chart. A truly careful person might want to wait for confirmation- but I am not that person. <g>

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