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


To: MonsieurGonzo who wrote (718)11/22/1997 6:09:00 PM
From: Tom L. French  Respond to of 1589
 
Steve

Very nice chart!

-TomLF



To: MonsieurGonzo who wrote (718)11/22/1997 6:16:00 PM
From: Tom L. French  Read Replies (2) | Respond to of 1589
 
Steve

How was that chart generated? Your trend lines and resistance/support lines are great... perfectly drawn I'd say.

And your discussion of the day's activity was also great.

BTW, one of the things I've noticed--as others surely have more proftiably--with this market, looking at both the SP and stocks, is frequently there's a big window at the open, followed by consolidation and sometimes retracement of all or part of the window. The day's action occurs very early. It suggests being ready to pull the trigger during the previous day's evening attack. What do you think?

TomLF



To: MonsieurGonzo who wrote (718)11/22/1997 10:10:00 PM
From: Esteban  Read Replies (2) | Respond to of 1589
 
Steve,

Wow, lots of good info in that last post about the trading day times. The 90 minute OEX chart has some great signals at the right times. I'll try that time frame too.

Here's an idea. At the critical times of day you described look at the appropriate candlestick time frame that might depict the sentiment best. At 10:00 bring up the 45 minute chart to see what it makes around 10:15. At noon look at the 2 1/2 hour time frame, at 3:15 check out the 90 minute, ...

My head hurts.

Esteban