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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?


To: Night Writer who wrote (84906)9/25/2000 8:09:11 PM
From: Elwood P. Dowd  Read Replies (2) | Respond to of 97611
 
Candlestick Pattern's and Stochastics
by: jeravao1 (52/M)
9/25/00 7:50 pm
Msg: 184426 of
184427

I always chart with candles instead of bars..I usually don't pay
attention to the candlestick messages unless a significant one
appears...Today was an "Engulfing Bear" in a short to
intermediate downtrend....This means that it could indicate a
bullish reversal and may be the last engulfing bottom....Two
other indicators (the 5:3 day moving avg stochastics with a 14
day lookback and the %R) indicate that CPQ is trying to come
out of an oversold range...All 3 indicators agree....these I look at,
and base some of my buying decisions on...
Any Comments?
Good Luck CPQ Longs