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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: MonsieurGonzo who wrote (30760)12/9/1997 7:15:00 PM
From: donald sew  Read Replies (2) | Respond to of 58727
 
Hi Steve,

I mentioned "MIDDLE DOJI", but technically its called a "SPINNING TOP DOJI" where the close and the open were the same or very close and the the upper and lower shadows are about equal in length. Also, a shooting star requires a gap. One last thing a BEARISH ENGULPHING pattern is normally with a good sized "WHITE DAY" followed by a larger "BLACK DAY" where the the white days highs and lows are within the the black day's highs and lows. It would be a real good bearish engulphing pattern if the black day is a MARUBOZU. I always enjoy talking to someone who also follows candlesticks since it is my favorite indicator and quite poetic. Sorry if I corrected you.

INTC has somewhat of a triangle base formation, And you are correct to sense some caution. In a true triangle, the beginning of triangle the spread between the highs and lows are large and they narrow. The key is that after the the triangle forms the apex, it is supposed to surge in either direction. Today was a bit of a surge downwards.