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

To: ftth who wrote (844)	12/2/1997 10:59:00 AM
From: Ed Frye	Respond to of 1589

Thanks dave. I have ordered both his books. With my limited knowledge of the subject I have now case studied about 50 stocks that I have interest in. I have looked at 6 months of trading for each security and now I'm checking each end-of-day stick on an ongoing basis, making a prediction for the short term and checking/revising daily. I have to admit that the STIX have done an excellent job predicting upcoming turning points. I think the meaning of daily stick needs to be viewed in the context of the market stick. I suspect divergence between the two is meaningful. For example, dojis yesterday in the face of a big market rally seem more bearish than normal. CS is a good example. Formed a short-legged doji yesterday after after long downtrend. Taken by itself, you might think a turning point was coming. This AM, however, an earnings warning drove it down 5 points............ed