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

To: Ahmed Elneweihi who wrote (632)	11/18/1997 8:30:00 AM
From: MarcG	Respond to of 1589

Ahmed and Rainier, Sorry I'm not able to answer the question on ORCL's Doji. As experienced chartists, any comments on HEB's "cup and handle" and ensuing breakout to new all-time high above $5.00 yesterday, would be greatly appreciated. MG:

To: Ahmed Elneweihi who wrote (632)	11/18/1997 11:50:00 AM
From: MonsieurGonzo	Respond to of 1589

Aahmed; RE:"Doji on ORCL today..." ...You are correct! But: (1) the "UpTrend" is what, 3-sessions ? And, (2) reversal signals (like Dojis) always ask for confirmation in following 1~2 sessions. So, I'm not ignoring the Doji until/unless today and tomorrow's session exhibit a close in ORCL over 36. Good Luck! -Steve

To: Ahmed Elneweihi who wrote (632)	11/22/1997 12:40:00 AM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 1589

Ahmed; RE:" ORCL..." Ahmed, I've been following this stock on a daily basis since you brought it to our attention. There's Dojis all over the place! I assume that (unless they are gap-up or gap-down from one another), Dojis cancel one another out (usually). I cannot read ORCL at all - it looks like it wants to break out or bust down, but that the bulls and bears keep fighting one another to a standstill. The resident expert on this thread is not me, Ahmed. I've only got about half a year on these Candlesticks, and I'm learning about something new every day. RAINIER is the person I defer to whenever I need help / confirmation. Do yourself a favour and get some second opinions because, you know, I'm just looking at the charts and trying to read them like every one else, ok ? -Steve