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

To: MonsieurGonzo who wrote (725)	11/22/1997 10:09:00 PM
From: Tom L. French	Read Replies (1) \| Respond to of 1589

Steve I see you've been around... The impact of overseas markets has been a big pre-occupation of mine. And it makes it very tough to do anything if the market gaps up or down and then trades as you describe. A longer time frame may be a good idea, but it's so volatile. Also, I believe a lot about what I read, and the situation in Korea/Japan/China (it's involving real money now, isn't it?) is going to take time to play out. Good news is, they are starting to do the right thing (letting banks fail rather than propping them up, for example) so this may pass fairly quickly, or then again, it may not... which brings us back to the challenge of trading in this market. Intrady has its own special challenges that I am not ready or equipped for, so I guess that means staying sane about a slightly longer time frame orientation... but watching intraday very closely. >>Starting to get interested in the arbitrage between days, eh, Tom ? (^_^) We left a beautiful Hammer followed by a Long White Candlestick on the table last Friday.<< what table? SP? OEX? (I'll go look it up.) -Tom