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To: Susan G who wrote (439)10/11/2000 10:59:04 PM
From: TWICK  Read Replies (1) | Respond to of 8046
 
Susan. Re: candlesticks, I posted what I saw on the NAZ. Was I right ? Message 14559347

Twick



To: Susan G who wrote (439)10/11/2000 11:02:02 PM
From: Susan G  Respond to of 8046
 
Candlestick Update - Bearish Patterns

Advance Block (moderate reversal pattern)
BVSN

On Neck (moderate reversal pattern)
FNSR

IN Neck (moderate reversal pattern)
BRCM

Thrusting Continuation Pattern:
(a low reliability bearish pattern)

CSCO, BEAS, ARTG, PXLW, NXTL, CMTN, TQNT, QLGC,
VIAN, EFNT, ANEN, AWRE

From litwick: When an indicator is identified, a pattern is associated with it. This pattern could be a Continuation pattern, meaning that if a stock is in a bullish trend it should continue to stay bullish, or if a stock is in a bearish trend it should continue to stay bearish. If the pattern is a Reversal pattern, it means that if a stock is currently bullish it likely to turn bearish, or if it is bearish it is likely to turn bullish

HUH? <ggg> so whether it's bullish or bearish for BEAS, it doesn't matter much as it's a low reliability pattern BEAS has a mind of it's own (aka momo <g>), and the market is making every chart we look at difficult to read. So I'm sure their software had a little trouble <g>

From my experience the best reversals often seem to happen the day after a stock shows up in the bearish section of litwick...

And as we all know, no matter how good a stock looked at the close in this report, it could all go out the window at the open!

Note: I only have included stocks I follow, there are more on the litwick top 25 watchlists