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To: Teresa Lo who wrote (224)10/3/2000 7:00:11 PM
From: davealex  Read Replies (2) | Respond to of 8925
 
Yes, that is the classic definition of a Marubozu. Thanks, T.

The setups we take are a bit different in that having a small shadow does not negate the setup (and in particular, if there is a small shadow at the bottom and that buying came late in the day). We would prefer the top shadow to be extremely minimal or nonexistant.

Because we pair the Marubozu setup with moving averages, volume, and standard support and resistance for these plays, the psychological state of those who are interested in the stock becomes the main factor -- and that Pavlovian response appears to be fairly constant.

Let me just add that we would never take a play like this based solely on a Black Marubozu candlestick. Support must be present, and the setup has to appear within a generally uptrending pattern that makes optimistic bargain hunters want to jump in.

Dave



To: Teresa Lo who wrote (224)10/4/2000 9:39:05 AM
From: magicslr  Read Replies (1) | Respond to of 8925
 
IS,

Is the Marubozu the same as the Belt Hold Lines or aka White Opening Shaven Bottom (bullish) and Black Opening Shaven Head (bearish)? The White opens on it's low and the Black opens on it's high.

In Nison's 1st book he states that the price must be considered also. The White candle is bullish if the price is high and Black candle is bearish when the price is low.
His examples show the candles at the top or bottom of a trend.

TIA,
Magic


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