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To: Craig DeHaan who wrote (1107)11/23/1997 4:16:00 PM
From: Greg Butcher  Read Replies (1) | Respond to of 4056
 
Craig, remember this also works on the up side also...

But just as everything else...it is easier to fall down than up, stocks work just like a ball pushed across a pool table with enough momentum it will slow but will keep rolling in whatever direction it is forced.. I've got a few drinks in me right now.. not a good time to enter a formula..lol. .But I will be back on the job tomorrow and will enter your suggestions. This indeed works.

have a great weekend....time to get back to the party....

Greg




To: Craig DeHaan who wrote (1107)11/23/1997 5:12:00 PM
From: Greg Butcher  Read Replies (1) | Respond to of 4056
 
hers another bearish sign posted from the candelstick thread:

| ------ | Respond |

To: Greg Butcher (735 )
From: MonsieurGonzo Sunday, Nov 23 1997 4:59PM EST
Reply #737 of 737

Greg; RE:" Most Bearish Signal..."

The Gravestone Doji, without a doubt. Upside-down crucifix, with OPEN and CLOSE equal or nearly equal; long line up, short line down (or no line at all down). I'm tempted to sell short as soon as one of these appears, without waiting for confirmation.

Second would be a Shooting Star, gap-up (body) from the preceeding candlestick, with the following (third) candlestick gap-down (body). This is called an Evening Star. If the middle candle is a Doji, or a Gravestone Doji - even more powerful.

>> Just do a scan for Dojis or near-Dojis, Greg. They are easier to spot with computer scans. Set your tolerance for delta between OPEN and CLOSE at ZERO (perfect Doji), 1/8 or less, and up to 3/8 or less on a weekly chart candlestick scan. Works great.

BTW, please post your Doji Scans here, folks !!!

-Steve