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To: Les H who wrote (1217)8/11/2001 12:26:00 AM
From: bobby beara  Respond to of 1328
 
Weekly evening star (or major reversal) for software
Evening stars imply a that there is a day first, there is no day on that weekly chart, only lunch.

candlestick patterns are only useful at extremes, not during consolidation periods.

b



To: Les H who wrote (1217)8/11/2001 1:28:48 AM
From: ajtj99  Read Replies (1) | Respond to of 1328
 
Les, if memory serves, most of the moves 3-days after a scheduled Fed rate cut have been contrary to the general trend of the market. If the market has been going up, it will move down for 3-days. If it has been going down, it will move up.

I'll have to check into it further, but this is my recollection. May shouldn't count really, since the Fed really did some hanky-panky the day after the cut.


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