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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Doug Robinson who wrote (90153)	3/25/2000 1:05:00 PM
From: Scrumpy	Respond to of 120523

Very true. Candlesticks must be evaluated in context e.g. options expirations, triple-witching, volume, and other economic indicators. A pattern in itself may not always be definitive. Patterns should also be evaluated with the current price trend in mind e.g. "three black crows", "piercing patterns", "advancing blocks" versus a "stalled pattern". Doji's are less reliable in downtrends, but are excellent at revealing short-term tops and trading "indecision". In the context of other patterns it is also significant, e.g. doji stars. Look at PLUG, for instance, on March 13 (harami cross).