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

To: ted birnbaum who wrote (1099)	1/17/1998 7:06:00 AM
From: JPR	Read Replies (1) \| Respond to of 1589

Ted: Your opinion is appreciated on Dell's Hanging Man and Spinning top on 01-16-98. Thanks in advance. paul

To: ted birnbaum who wrote (1099)	1/17/1998 10:32:00 AM
From: Esteban	Read Replies (2) \| Respond to of 1589

Ted, All good points regarding the PAGE possible bottom. I noticed the volume spike, was it news related? I look for exhaustion bottoms where the volume is high on a day it makes a new low after a considerable decline. The day after as it rebounds might work just as well though. I don't know if I'd call the 15th a hammer with the fairly large body, but it certainly is hinting at that. Still, overall the chart looks bad. If that was a bottom, it's a v bottom. Maybe there will be some basing in the next week or two, even if it's just a higher low. Japanese candlestick recognition lets you pick bottoms, which is great. Just keep in mind that they are short term indicators and may just be indicating a small correction to the downtrend. I like to pick those reversal patterns that result in a move with the overall trend, after a corrective move. Esteban