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Strategies & Market Trends : MDA - Market Direction Analysis

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To: Monty Lenard who wrote (982)	12/8/1998 10:15:00 PM
From: MileHigh	Read Replies (1) of 99985

Monty, Watch INTC! It had a Doji Shooting Star (Evening Star) today as did many of the others. Very astute call on INTC- this could turn into a Western Island Top (Western TA) with a gap down in the AM and no further strength into the day. This usually represents a very strong reversal pattern. I am VERY long RMBS but sold calls on FRI 12/4 as I was noticing some indecision (Doji) and topping action- RMBS is harder to pin down- looks like a shooting star formation on THURS 12/3 which caused my concern. I would appreciate your comments on RMBS chart. Also, is their a thread to discuss TA and candlesticks in particular? MileHigh PS- Caveat Emptor; Buyer Beware; Read at your own risk

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