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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (5282)	6/15/2001 8:00:15 PM
From: chowder	Read Replies (2) \| Respond to of 23153

Wow! Another candlestick pattern that doesn't occur often and is opposite the Dragonfly Doji. Today's trading pattern is called a Gravestone Doji. stockcharts.com[l,a]dhclyymy[pb50!b200!d20,2!f][vc60][iut!Ub14!Ua12,26,9!Lk14!Ll14!Lc20!Lh14,3!Lw25] This pattern occurs when the opening and closing price are near the low of the day. If the upper shadow is quite long, and this one is, it is very bearish. This stock failed to rally and the bears now have the advantage. Since this pattern occurred near the top of a trend, the indication is this stock is coming down. (Perhaps a good short?) The MACD indicator is looking like it's preparing to cross the 9 day EMA line, to the downside, and this is a sell signal. The Slow Stochastics have already crossed down from the overbought range, supporting the sell signal. I've searched for weeks for these two Doji's I've mentioned. It's odd to see them both on the same day. I know nothing about this company, it's the technical analysis I'm interested in for short term trading. We'll see how this one plays out. Back to the grunt work, dabum

To: chowder who wrote (5282)	6/16/2001 9:35:02 AM
From: hitsoft17	Respond to of 23153

dabum3, important also was the covering of the 5/7 gap indicating resistance has been tested in the doji range. Increases chance of strong move up..... By the way, thanks for the trin numbers and your thoughts, the last time the trin was in this range I was reading an interview with Hays where he said in two weeks we were in for an explosive move up. At the time we were at 1600-1700 NAS. Sure enough within a couple weeks we were on the way to 2300. I think we'll come out of the chute like a bull with his ass on fire in a few days. hitsoft17