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Non-Tech : Amati investors -- Ignore unavailable to you. Want to Upgrade?

To: pat mudge who wrote (29606)	12/3/1997 11:09:00 PM
From: Galirayo	Read Replies (1) \| Respond to of 31386

[8 to 10 New Price highs and lows] Pat, There are a lot of people that have not heard of the 8to10 but it is a Candle Pattern that was developed in 1750 by Munehisa Honma in Japan as a commodities (rice) trading indicator. It's classified as one of the Sakata's Methods. The older books refer to the New Price Low while the newer books refer to the New Price High. I've not seen mention of them both in one book yet. You have to use common sense to deduce the opposite. Or read both books. You can find info for the NPH on page 187 of Candle Power by Greg Morris. This is the New Book. I'm still going by the Old book. The Pattern is fairly specific. The Candles can be Black AND White as long as there are no Reversal Candles like a Bozu or a Hammer. Doji seem to be OK. Confirmation of Doji will disqualify the pattern because a White Candle is needed to confirm it. In the book I mentioned it does show an opposite color Bozu in the middle of the pattern with no confirmation but I'd prefer no Reversal Candles except a Doji with no confirmation. It has nothing to do with a 52 Wk Hi or 52 Low. It is simply a Candle Pattern consisting mostly of Black Candles or White Candles. If an 8to10 NPLow is forming and a White reversal candle or doji shows up it cannot be confirmed with another White Candle or vice versa. I've been trying to finish a scan for this and asked for some help from Bob. Here is the way I explained it to him. Message 2859889 I have another Scan for 3's Method. It's another Sakata Method. I modified it and called it 3's Up. I referred to it in the recent TA on SSPIF because it showed on that scan last nite. But keep in mind that the 8to10 NPHigh is a reversal pattern. It's not one you want if you are long. It's one you look for if you want to short. The NPLow is the one you look for to go long. SSPIF did one of those just before it found the bottom and changed it's trend to up. And what do you mean ?? Blue Sky?? >>And why is the sky blue << It's Gray .. Dark and Cloudy .. Rainy here. YUK!! I'll take some Blue Sky especially today. Cheers! Ray