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

To: ted birnbaum who wrote (960)	12/15/1997 10:25:00 PM
From: ftth	Respond to of 1589

My long-awaited collapse of software (hey, it's only fair--everything else has given back) may be beginning. CTXS may have been a leader. Lots of very long lower shadows today, 2 days in a row of long black stix. Friday took many of them below their 50 day. The prime group to watch for short candidates in my opinion. dh

To: ted birnbaum who wrote (960)	12/16/1997 12:18:00 PM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 1589

Ted; RE:" Candle Reads " I like your reads, Ted - yes, INDU INX OEX and SPY track - Esteban says that SPY tends to be even more correlated with the SPZ futures than the INX (SPX) index, and I tend to see that, too. Unfortunately, I don't get the futures real time on our little generator, so I use OEX INDU and INX to trigger SPY trading. Note CPQ and DELL are forming Hammers on their weekly charts; gotta be careful - as these have no confirmation (yet). Take a look at XMI.X - I find that this Major Market Index is the easiest one to see horizontal support and resistance lines for the market. Boy, INTC and TXN dodged a bullet yesterday ! -Steve