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


To: MonsieurGonzo who wrote (1048)12/31/1997 5:21:00 PM
From: Broken_Clock  Respond to of 1589
 
I sold my SLB calls today for a profit(for a change!).Wanted to wait till Friday but didn't like the look of those forming candles!



To: MonsieurGonzo who wrote (1048)12/31/1997 6:01:00 PM
From: Esteban  Read Replies (1) | Respond to of 1589
 
Steve, good going mi amigo!

I too have been on the right side of the SPY fence, it's been a great month from the index trading perspective at least. I have not been reading the candlesticks other than glancing occasionally at the daily chart, hence my lack of posts here.

I'm wondering how things are progressing with your intraday index candlesticks, especially the shorter durations. I am interested in daytrading SPY using the free margin that my always long or short SPY position affords. My paper daytrading to date has me searching for more promising techniques in this arena.

Best wishes for a happy and prosperous new year to you and all the friendly people on SI. I know we can count on lots of good ideas and new exciting information being presented on these threads in the year to come. Thanks for your contributions to date.

Esteban



To: MonsieurGonzo who wrote (1048)1/8/1998 11:07:00 AM
From: Esteban  Read Replies (1) | Respond to of 1589
 
Steve,

Note that SPY is trying to turn up right off the daily uptrend line drawn from the 10/28 low.

Esteban