Candlestick Charting--The unknown indicator Message Board

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

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To: MonsieurGonzo who wrote (1520)	2/20/1999 3:10:00 PM
From: Anaxagoras	Read Replies (1) of 1589

<<...candlesticks show sentiment with no promise of extent....>> Ohhhhh, very nice, Monsieur Gonzo. This sounds intriguing. I wonder if you could say more? I'm somewhat new to candlesticks, but have been doing some intensive study lately reading a lot of the early posts on this thread, scouring the web, and reading both Morris and Nison. However I don't remember any of them making your point in quite the same way. However, it sounds right if I understand you correctly. It's the "extent" part I'm focusing on here; take for example a prolonged downtrend in which a reversal pattern occurs. How am I to interpret your "no promise of extent" comment there? Thanks for any thoughts you may have on this. Anaxagoras

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