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Strategies & Market Trends : Technical Analysis With Charts -- Ignore unavailable to you. Want to Upgrade?


To: jaker who wrote (4650)4/15/2007 12:12:06 PM
From: MACD X  Respond to of 6865
 
God bless you Jaker

You have seen the light. The orphan candlestick that you pointed out in your chart is exactly the kind of orphan that I have been referring to.

On the same chart you can see a red orphan that marked the down side.

I have recognized this pattern over and over on many charts and is why I added it to the tool box.

Now that you are searching for them many doors should start opening as possibility are multiplyed.

We dont know where the exact top will be but just about where it should be. Being long I would suggest tightening stops or go to cash.

There is every reason to hold short positions at this time.