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

To: MonsieurGonzo who wrote (1001)12/17/1997 7:58:00 PM
From: The Perfect Hedge  Respond to of 1589
 
I bought puts so my upside stop is when I lose 50% and my downside exit is 76 unless we have another tech wreck-then I'll ride the rollercoaster down.
What about AXP after today?Looks even better.
I bought puts on Mot too strictly based on fundamentals.I think Asian exposure will give them a good beating and I'm hoping for a warning.GD



To: MonsieurGonzo who wrote (1001)12/17/1997 8:22:00 PM
From: Esteban  Read Replies (1) | Respond to of 1589
 
Steve,

Bearish engulfing pattern on SPY, daily today. It's a good example of how well suited SPY is for candlestick analysis as compared to SPX or OEX which don't show the morning gap, and therefore don't show the same pattern.

Esteban


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