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

To: Esteban who wrote (870)	12/6/1997 10:03:00 AM
From: MonsieurGonzo	Respond to of 1589

Esteban; RE:" My Main 90 Minute Man! " Back in town, catching up with you all, trying to get the rhythm again. I was very surprised by the rally this week, Esteban. The recent ascent of INDU and OEX the last 5 sessions is a startling reversal of what the Candlesticks indicated last week, with the bearish engulfing pattern and Dojis... I did not expect a DJIA 8000, and certainly not 8100 this week. I need to look at the individual stock (components) of the OEX and DJIA, as well as the NDX.X bellwethers that I follow. After I do this, I'll get back to you. Great call on your SPY trade, Esteban! -Steve

To: Esteban who wrote (870)	12/6/1997 12:40:00 PM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 1589

Esteban; RE:" Big Oil..." There are two Big Oil indices, Esteban: AMEX:XOI and CBOE:OIX ...the pro action appears to be in the AMEX:XOI index options. Friday's XOI close was 469.53, and there was massive volume in the DEC 475 CALL, XVILO. I was reviewing the OEX-100 underlying list, saw a Bullish Engulfing candlestick on CHV,D and what may become a Doji Hammer on CHV,W and so began to look at the other Big Oil stocks, and these two Big Oil indices. S'il-vous plait, regardez AN CHV ORX RD UCL charts. They all appear to have Hammers on weekly charts and bullish engulfing patterns on their daily charts. The AMEX:XOI Big Oil index has the following components: AHC AN ARC BP CHV DD XON KMG MOB OXY ORX P RD SUN TX UCL The CBOE:OIX Big Oil index has the following components: AHC AN ARC BP CHV XON KMG MOB OXY P RD TX UCL TOT MRO ...The Big Oil stocks and the XOI index look very strong, insofar as candlesticks are concerned. Comments appreciated. -Steve