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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.00+1.0%Nov 21 4:00 PM EST
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To: HairBall who wrote (10014)4/7/1999 1:00:00 AM
From: Lee Lichterman III  Read Replies (4) of 99985
 
*OT* Thanks LG for the defense but like I said in my post originally about doing the Candlesticks from the automated end, it is "lame" at times.

For those that missed out on the original discussion of my doing this from the automated method versus the way I actually look at them....
I felt that instead of injecting my views which could be biased by either bearish or bullish sentiment, it would be better to let my program automate it since it simply calculates the day's action and bumps it against the requirements for different patterns. Patterns that I might call a island reversal because it "is close enough" and I am feeling bearish that day may not really be one. The automated approach takes away that bias.
My program automatically looks for the following patterns.
BEARISH 3 METHOD
BEARISH HARAMI
BULLISH 3 METHOD
BULLISH HARAMI
DARK CLOUD COVER
DOJI STAR
ENGULFING BEARISH LINE
ENGULFING BULLISH LINE
EVENING STAR
FALLING WINDOW
GRAVESTONE DOJI HAMMER
HANGING MAN INVERTED
HAMMER LONG LEGGED DOJI
LONG LOWER SHADOW
LONG UPPER SHADOW
MORNING STAR
RISING WINDOW
SEPARATING LINES
SHOOTING STAR
SPINNING TOP
THREE BLACK CROWS
THREE WHITE SOLDIERS

I would e-mail him but I don't want somebody like that to have my e-mail address and won't respond to his guest book post as I don't want to turn that into a "yahoo chat board"

Good Luck,

Lee
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