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


To: MonsieurGonzo who wrote (777)11/25/1997 1:01:00 AM
From: Esteban  Read Replies (1) | Respond to of 1589
 
Steve,

Evening Stars don't always result in immediate downdrafts, so I'll just sell in to any strength here, relentlessly.

So Steve, have you observed that they usually result in important downdrafts, just not necessarily right away?

What are you guys actually doing? We're all reading about the same...

I've been short the SPY since Friday afternoon at 96 7/16. I'm staying short.

Esteban



To: MonsieurGonzo who wrote (777)11/25/1997 9:04:00 AM
From: Esteban  Respond to of 1589
 
Steve,

Re: Evening Stars don't always result in immediate downdrafts, so I'll just sell in to any strength here, relentlessly.

Looks like you've got your strength in the form of a morning attack. Remember your post stating we are still in an intermediate uptrend. Just wanted to inject a note of caution. I'd be careful adding to positions against the intermediate term.

Esteban



To: MonsieurGonzo who wrote (777)11/25/1997 9:51:00 AM
From: Esteban  Read Replies (2) | Respond to of 1589
 
Steve,

We're testing the SPY downtrend line now. Broke through on the morning attack, now falling below. Key point here, IMO.

Esteban