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To: chowder who wrote (92905)	7/31/2001 6:06:04 AM
From: chowder	Respond to of 95453

A buying prospect or suspect? Here's a chart of KKD: stockcharts.com[h,a]daclyymy[pb50!b200!b25!b9!f][vc60][iut!Ub14!Ua12,26,9!Lh14,3] I bought KKD when it split and it ran up 15% for me in two days. I sold it and then bought it back when it dropped three bucks a share. It continued down and I lost 5% the second time trading it. I netted a 10% gain. The stock has been trending down since then. As you look at the Relative Strength Indicator, and the Stochastic Indicator, you will notice they are approaching oversold status. I'm hoping to see both of these indicators continue well down into oversold range. The chart indicates it has a good chance of doing just that. KKD sold off on decent volume today. When those indicators cross down into oversold range, level off, and start moving up again, that will be the time to take a position. Of course we will want to monitor the condition of the market at that time, but for now KKD goes into the stock to watch category for a possible buy. A good short candidate? stockcharts.com[h,a]daclyymy[pb50!b200!b25!b9!f][vc60][iut!Ub14!Ua12,26,9!Lh14,3] Notice how the indicators are coming down from overbought range and FLO closed under it's 9 day moving average? This is usually bearish. I am not recommending shorting FLO, I don't know anything about them. I'm showing you an example of where I like to see the indicators when going short. This is a sample of my system from the long and short sides. Buy/cover from oversold range, sell/short from overbought. dabum

To: chowder who wrote (92905)	7/31/2001 9:39:22 AM
From: Roebear	Respond to of 95453

dabum3, Nice post and have to agree with your st trading in this market! REI also use candlesticks to help identify possible trend reversals. Candlesticks are used mostly with opening and closing prices. I was hoping to find a tool to help with intraday, to help avoid waiting on a closing price. I was hoping you, or someone else, might be able to identify what it is you are looking for when reading the tape. I understand the analysis is subjective, but I thought they'd be something specific you'd be looking at, something that would catch your eye and make you pay closer attention. While reading the tape is not reading charts, I find that candlesticks set to short time frames of 5 min/2days, 15 min/5 days and 60 minutes are useful in identifying short term patterns. Intraday works the same patterns as daily and weekly charts, the patterns are just of shorter validity. That st TA read combined with a "feel" for the flow of prices AND that includes some understanding of the MM or specialist thinking is pretty close to tape reading. www.securitytrader.com has a low priced 7 day trial and an EXCELLENT intraday board where they and many subscribers post a lot of intraday charts with candles. Some of these folks are very good (warning, they are also VERY nimble!)and it is worth going there just for the education. SOme of the best short term and real time intraday charts I've seen anywhere! Hope your back gets better soon, Roebear