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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: flatsville who wrote (61555)10/29/2000 6:40:08 PM
From: el paradisio  Read Replies (1) | Respond to of 99985
 
Flatsville, I would not pay too much attention, whether it is or not a dark cloud cover....for me,the most important is that long legged hammer..."he" is a player here.
stockcharts.com

PS. for me,it's not because the last candke should be at least above 3250 to form a "dark cloud cover"
Regards,
el



To: flatsville who wrote (61555)10/29/2000 9:25:15 PM
From: Casaubon  Respond to of 99985
 
look for longer term "structures" and then individual candles to confirm the nature of a structure.

Recent example:

ABGX has a rising wedge structure (bearish) with an advance block pattern followed by a rickshaw man and then a bearish engulfing candle for confirmation. My expectation would be a breakdown this week.


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