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

To: MonsieurGonzo who wrote (913)	12/8/1997 6:16:00 PM
From: Esteban	Read Replies (1) \| Respond to of 1589

Regretfully Steve, I'm flat and not long SPY. Friday morning's volatility did me in. The funny thing is that the unemployment report was SO bad that I didn't wait for the first 90 minute candlestick to complete and the morning attack took us only down to horizontal support without violating it. I expected a rebound from support but assumed that the bad news would take the SPX down for at least half a day and sold the rebound, much too early as it turned out. I've said this to myself before and hopefully this time the lesson will stick. Look at the charts and FORGET the news. So I've been on the sidelines since waiting for a reentry point. I'm wanting to go with the trend so I ignored the accurate bearish signals from this morning. I'm not sure I understand what you mean by the 34 one minute MA, man - please explain. I've got a one minute chart of PREM for the day. I've plotted a 34 minute moving average to help ascertain whether SPZ has been trading above or below fair value on average. I've got to say that so far the data has been useless, or at least I haven't been able to interpret it in a meaningful way, at least for SPY trading. IFF, the stock symbol, is that what you want me to take a look at? Esteban