Candlestick Charting--The unknown indicator Message Board

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

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To: MileHigh who wrote (1481)	12/13/1998 6:02:00 PM
From: John Lee CA	Read Replies (1) of 1589

I believe you are correct about the down trend continuing. The bull stick looks much like a continuation pattern (Thrusting) that (according to the book) shows a failure of the rally since the bull stick did not close above the mid point of the previous bear stick (actually it is about at the midpoint but that still indicates the rally did not succeed). So I would look for a down trend to continue based solely on the chart. John Lee

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