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To: Moominoid who wrote (120581)6/18/2005 12:19:33 AM
From: Galirayo  Read Replies (1) | Respond to of 209892
 
I don't know how important that Candle is on the NDX.

There are other factors that may be more important. It's still trending. And above support on the EMAs.

stockcharts.com[w,a]dacayiay[db][pc8!c20!f][vc60][iut!Ua12,26,9!Uv25]&pref=G



To: Moominoid who wrote (120581)6/18/2005 12:52:58 AM
From: skinowski  Read Replies (2) | Respond to of 209892
 
Just checking now the afternoon's action, and I generally agree with your observation. Looking through the daily charts, there are many topping candles today... "Shooting Stars", "Dark Cloud covers", dojis, "hanging men", etc. Smells like at least a pullback may be ahead.

Speaking of candles, check the "Bullish Engulfing Pattern" on $VIX. Never mind $VXN... this wicked index registered today new all time intraday and closing lows.



To: Moominoid who wrote (120581)6/18/2005 2:06:05 PM
From: Galirayo  Read Replies (2) | Respond to of 209892
 
[NDX] If I go back thru the Green Filled Candles on the NDX ..

It seems that they are often followed by an Up move.
stockcharts.com

I still don't see it in the Weekly either.
stockcharts.com

It may do a quick Dip .. but those Weekly Aroon Lines are Converging. From Max Divergence. Fairly Solid Trend .. IMHO.

Ray