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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: HighTech who wrote (20449)7/19/1999 4:34:00 PM
From: bobby beara  Read Replies (1) | Respond to of 99985
 
bearish engulfing candlesticks are usually pretty good reversal indicators, means sellers have taken control and the buyers who bought in the last period are under water, the length of the reversal is up to speculation.

The other signifcance of this reversal is nasdaq gap up open and close on the low, the nasdaq was strong enough to overcome this on the the 6th, let's see here.

SOX had a very large bearish candle.

bb