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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: expatch who wrote (4827)	7/20/2005 9:44:13 PM
From: profile_14	Read Replies (1) \| Respond to of 13449

Hello expatch, long time no talk. Nice to see you here. Best regards,

To: expatch who wrote (4827)	7/21/2005 9:01:32 AM
From: chowder	Respond to of 13449

Expatch, A hollow red candle forms when price gaps down at the open, trades higher during the session and closes above the open but, is still down from the previous day's close. So, the stock will show a loss for the day but price will have closed above the open. The hollow red candle has significance when it forms following a steep sell off in price. It usually indicates a climatic sell off where everyone who wishes to sell has and the value traders and other long term investors pick up demand showing some buying pressure. Short covering can often aide in forming a hollow red candle as well. The wider the trading range the better the signal. They are more powerful in a downtrend than they are in an uptrend. Notice the hollow red candles on DDS as they formed at price support levels, following a pull back in price. stockcharts.com[h,a]daclyiay[d20050421,20050721][pb50!b20!f][vc60][iut!Lah12,26,9!Lc20]&pref=G AKAM has had a few as well. It basically confirms that the bulls have taken control from the bears as it takes a gap down in price and then have the bulls come to market. stockcharts.com[h,a]daclyiay[d20050421,20050721][pb50!b20!f][vc60][iut!Lah12,26,9!Lc20]&pref=G dabum