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To: skinowski who wrote (6576)5/15/2008 1:31:38 AM
From: rayrohn  Read Replies (1) | Respond to of 41435
 
I've read three of Steve Nison book, Stephen Bigalow has a couple books out that are not bad reads, even Martin Pring put our a couple of books ...

IMO most people look at one candle and expect the holy grail of trading, and miss the meat of candlesticks ...



really need some volume pots to go along with the candles but IMO that big red candles on 5/7 is the key reversal day and today the bulls gave it the old college try but lost...

below 640 the bulls are in trouble
above 655 the bears are in trouble



To: skinowski who wrote (6576)5/16/2008 11:23:19 AM
From: rayrohn  Read Replies (1) | Respond to of 41435
 
I don't trade the OEX so that means I have no money @ risk ....

I would be bearish on the OEX unless it take out the 655 or the high on the red candle on 5/7 ...

I am also short term trader 2% is a nice gain IMO longer term players could see th is chart very differently...



this is a FWIW I was looking at charts last night and seen the other reversal IMO confirmation would be a close below 640 ...