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

To: MonsieurGonzo who wrote (909)	12/8/1997 3:15:00 PM
From: Esteban	Read Replies (1) \| Respond to of 1589

The 90 minute SPY candlesticks were right on again, Steve, I'd hate to trade against them. The problem is I have to wait until the close to get more input from them, and we are nearing some trendline support. More on the fair value spread, or PREM. In the last hour the 34 one minute MA has fallen below today's fair value number after staying above it for almost 2 days now. Does it mean anything, swing of the pendulum perhaps? I'll be watching it, but not basing any trade decisions on it until I get a better feel for it's predictive value. Esteban