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Strategies & Market Trends : Candlestick Charting--The unknown indicator -- Ignore unavailable to you. Want to Upgrade?


To: Greg McDaniel who wrote (1571)5/17/2002 12:06:55 PM
From: Geriq  Read Replies (1) | Respond to of 1589
 
Hey, glad someone else is following this. Was beginning to fear my postings were little more than mental masturbation.

I'm new to this method. Just exploring and trying to learn a little. If nothing else, the colorful terminology is fun.

The dragonfly is basically and upside down grave-stone doji. Sort of a hammer with a very narrow real body.

I found this and some other very basic info at stockcharts.com if you're interested.

Thanks for any thoughts.

Todd



To: Greg McDaniel who wrote (1571)5/20/2002 11:08:35 AM
From: Geriq  Read Replies (1) | Respond to of 1589
 
Can I ask you for an interpretation?

You mentioned OPWV as a possible shooting star. For the first half of the trading day, that is how it looked. Just a nice spinning top with it's body above the previous close. Later in the day and at close, it closed considerably lower.

Can you consider it as a shooting star with bearish confirmation later in the same trading period, or do you look at the entire day before making a call?

Also, how do you scan the stocks to pick one? ie where did you find TOPP?

Thanks.