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Strategies & Market Trends : Chart Formations -- Ignore unavailable to you. Want to Upgrade?

To: Casaubon who wrote (165)	7/13/1999 10:03:00 AM
From: Mel Long	Read Replies (3) \| Respond to of 967

I read somewhere (I think John Murphy's book) that candlestick patterns are only reliable when the %D in stochastics is above 80 or below 20. Just wondered if anyone concurred.

To: Casaubon who wrote (165)	7/13/1999 4:44:00 PM
From: sean sanders	Read Replies (2) \| Respond to of 967

Casaubon, I made up a chart of what I see with VRTX. geocities.com This is a weekly chart btw (today's data is not included) ... basically I see some decent resistance at 28, but I dont think it will take much to get past that and then 30 is next. This will take a bit to get past this. I don't feel it has much room to go down (in the short term) since we are following a nice upward trendline. It sounds like you are in this for the long run. BTWDIK (this is just my view as I see it now; who knows what it could do tomorrow or next week). Sean