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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?


To: sean sanders who wrote (26891)10/1/2002 9:22:03 AM
From: MeDroogies  Read Replies (2) | Respond to of 39683
 
Today should be interesting. If we have a green candle, yesterday would classify as a morning doji star, which indicates a reversal is imminent.
This market has been beaten down badly. I don't know candlesticks all that well, but the rally yesterday confirmed that we're sitting on major support.
I think the next few days will give a better indication.

On the other hand...there's always this frame of reference:
stockcharts.com

He's been fairly accurate the last 3 weeks. Very spotty prior to that. I'm not a subcriber to the EWave, but he's got something going here. Then again, he has also revised his interpretations when the market has rallied.