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

To: John Gault who wrote (1017)	12/21/1997 4:36:00 PM
From: John Gault	Respond to of 1589

One more chart that maybe of some interest,http://www.iqc.com/chart/default.exe?PERIOD=120&time=day&chart=candle&chart1=bb&volume=y&stochastics=y&momentum=y&symbol=wire. cheers!!!

To: John Gault who wrote (1017)	12/21/1997 5:03:00 PM
From: JPR	Read Replies (1) \| Respond to of 1589

John Gault: <<The symbol is FPFG. looks like a hammer confirmed by fridays 15% gain BUT.... all the run-up on friday was the within the first three hours(change to 60min chart)then flat. Is this a reversal pattern or simply confirmation of the downward trend? The heavy volume in the last two days would make it appear like a reversal pattern but the light volume and flat price in the last five hours of friday make it look like confirmation. Contradicting charts? suggestions anyone?>> I am the kind who offers an opinion and regrets to learn later. Look at the hourly last 6 candles in the chronological order from the beginning to the end. 1: High wave candle, indicating a stand-off between bulls and bears. 2: Black spinning top indicating lack of decision as to which direction to turn 3: A white candle, a bulish turn 4: Another spinning top, lack of direction 5: A hanging man with an unshaven head, not a bullish sign 6: Another spinning top indicating lack of direction. It appears that it started out bullish, going on to a stand off between bulls and bears and ending with a sense of loss of direction. Overall it looks like loss of direction.. With a diminishing volume from the previous day, it is of negative import. Also look at the accompanying momentum & Stochastics - Topping off in an overbought area. Rising price and falling volume - dissociation. Warning: I am very rash with my statements.ggg Take it at your own risk. Paul

To: John Gault who wrote (1017)	12/21/1997 9:27:00 PM
From: ted birnbaum	Read Replies (1) \| Respond to of 1589

re FPFG: Thursdays candle was a beautiful turn around indicator Fridays candle was the confirmation. The flat trading at the end of the day indicates indecision as which way to go from where it is. I do notice an ever so slight downward trend. I would look for this stock to trade down a bit on monday before hopefully resuming a move upward. Looking back on a weekly chart I see support and resistance right at the 34 mark. It sure looks like it will break and test that mark my guess is that it will do that on Tuesday.