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

To: Esteban who wrote (929)	12/9/1997 11:47:00 PM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 1589

Esteban; RE:" The Trend..." I think we have to assume the trend is still in force until it is convincingly broken, and a downtrend is established... I agree completely, Esteban. After losing several G's on OEX 440 PUTs I got after the last bearish engulfing and gravestone Doji (reversal failed!), no way am I gonna short the oyster again until INDU's relentless UpTrend breaks. Note Nemer's similar dissatisfaction with needing a perfectly-timed, 4-point move in the OEX to break even on the BID/ASK spread. I've got enough capital to do 2000s of SPY without going on margin, but the leverage on SPY is nada. Then again, it's difficult to lose a lot of dinero trading SPY, either. -Steve