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

To: Esteban who wrote (740)	11/24/1997 12:03:00 AM
From: MonsieurGonzo	Read Replies (3) \| Respond to of 1589

Esteban; RE:" SPY... " You're right, esteban - looks exactly like the OEX... Look at the previous top there, man - a very rare, almost triple Doji Evening Star (!) Forgive my ignorance, but what is SPY, anyway? "AMEX Standard and Poor's Depository Receipts". I mean, how does it work, really ? Obvously this thingy is the S&P index in "stock" form that people can buy and sell. That's cool. Anyway, yeah - he's almost small enough to be a Doji, really; and it is interesting that he looks like that, whereas the OEX didn't make such a Doji-like candlestick. You've taught me something important here, Esteban - I'll be watching SPY very closely hereafter. What can we anticipate next in (the SPX) SPY ? I would guess either a Shooting Star or, just a plain old bearish candlestick. I'd be surprised by another bullish white candle, unless the NAZ somehow just kicks butt on Monday. So I guess you are in the same position as a LOT of the index traders my friend; a lot of them started buying PUTs on the OEX on Friday, and that Bullish Evening Attack caught everybody by surprise. -Steve

To: Esteban who wrote (740)	11/24/1997 1:11:00 AM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 1589

Esteban; RE:" 195-minute (Half-Day) Candlesticks..." The Half-Day Candlesticks that you suggested are very revealing, Esteban. Take a look at NDX.X,195 on here... quote.com ...the SOX.X,195 is similar, though not so pronounced. TXN,195 looks like a top-reversal when viewed this way, as well as NSM,195 which is similar. MU,195 appears to offer confirmation of MU,D MOT,195 and CYRX,195 reveal a completely different read than MOT,D daily. IPEC,195 shows that what looks like a Shooting Star on IPEC,D is composed of a spinning top in Session I, then a Gravestone Doji in Session II. Finally, CREAF,D has a classic, Doji Evening Star. -Steve