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Strategies & Market Trends : Candlestick Charting--The unknown indicator -- Ignore unavailable to you. Want to Upgrade?


To: MonsieurGonzo who wrote (625)11/17/1997 6:47:00 PM
From: Gerald Walls  Respond to of 1589
 
What do you think the candlesticks indicate ?

Hell, I don't know. But if I have to guess then I see...

1) Today's increase was on marginally lower volume than Friday (Bad).

2) Stock gapped up opening at its low and managed to hold 3/4 of its gain for the day (Good).

3) Stock closed (marginally) above the middle of the day's range (Good).

4) Stock closed above resistance at 71 (Good).

5) Stock failed to break early October high of 72 (Bad).

Shooting stars and hammers have to be confirmed, I do believe.



To: MonsieurGonzo who wrote (625)11/17/1997 9:46:00 PM
From: The Perfect Hedge  Read Replies (2) | Respond to of 1589
 
Steve or anyone,
I am trying to learn all the many candlestick readings.It seems endless,especially when there is a combination.Could anyone help me witha reading on EVI and CKR?TIA.GD