Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: The Perfect Hedge who wrote (843)	12/1/1997 10:57:00 PM
From: Esteban	Read Replies (2) \| Respond to of 1589

Glen, Re:EVI didn't do well today.I've got a solid black candle with a small shadow.Do the bullish candles still count? I've tried to nail Steve down on that point without success. In this case I'd say no, since yesterday was a harami cross against the 2 up days. Now there's a tweezer bottom formed, which definetly needs confirmation. At the same time the last 5 days could easily be interpreted as a confirmed falling three methods continuation pattern, which would continue the downtrend. Tomorrow will tell, but I'd lean toward the latter, except for you gotta wonder how far this stock can fall before staging at least a token comeback. Esteban