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

To: donald sew who wrote (30971)	10/21/1999 4:16:00 PM
From: Tom Rollins	Read Replies (2) \| Respond to of 99985

Donald, It may be a paper umbrella instead of a hanging man. I thought the Hanging man was at the top of an uptrend. Hanging man: scan.iqc.com and Paper Umbrella: scan.iqc.com -tom

To: donald sew who wrote (30971)	10/21/1999 4:52:00 PM
From: OX	Respond to of 99985

Donald, I'm just starting to pick up some about candlesticks. How do you think the mechanics of opening the SPX affects candlestick chart reading. In particular, SPX "open" today was 1285, but my guess is if one takes the actual opening values of each component, it wouldn't really corollate to 1285, but much lower. This in turn would create a diff candlestick pattern, no? Thanks for any thoughts on this.