Candlestick Charting--The unknown indicator Message Board

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

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To: Sherman Chen who wrote (1445)	11/23/1998 7:36:00 AM
From: Greg McDaniel	Read Replies (1) of 1589

I think CSCO warrants observation today. I noticed the Dow Jones Industrial and S&P 500 index (oex.x) both have Advanced Blocking Patterns and this is usually a strong bullish indicator. However, with IRAQ acting crazy again the market could become bearish. It is very interesting to go back and look around 7/17 and see the strong candlestick indicators then on the dji, nasdaq and oex.x. They were giving very strong bear signals. and of course I ignored them. But I didn't sell out and my portfolio recovered.

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