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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (30897)	9/24/2000 5:22:31 PM
From: flyeguy99	Read Replies (2) \| Respond to of 42787

Donald, >>As for the SPX and OEX, those HAMMERs could be misleading, since the individual issues do not open up at the same time.>> No hammer either on SPX as it opened at 1427 and closed at 1447, look at the INX chart instead to see the correct candle for Friday on the S&P 500, As for the candle not being bullish, coming at this point in the downtrend, it should at least get one thinking that there is a possible change in trend, if you were to flip the chart upside down and that candle was showing at the possible end of an uptrend would you be saying that the candle wasn't bearish?? Fly

To: donald sew who wrote (30897)	9/24/2000 6:08:54 PM
From: Casaubon	Read Replies (1) \| Respond to of 42787

The COMPX has an imperfect "ON NECK BEARISH" formation "The bullish counterattack line also looks similar to the bearish in-neck pattern. The difference is that the white bullish candlestick line is a longer candlestick than the white candlestick of the in-neck line. In other words, with the counterattack line, the market opens sharply lower and then springs back to the previous close, while the in-neck line opens slightly lower and then moves back to the prior close." 1 1) Japanese Candlestick Charting Techniques, by Steve Nison