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

To: Greg McDaniel who wrote (1164)	3/11/1998 9:40:00 AM
From: GERI EASTER	Read Replies (2) \| Respond to of 1589

Hate to see this thread stop. The concept is most interesting and seems to work. Anyone know of a good candlestick charting software that is reasonable?

To: Greg McDaniel who wrote (1164)	3/25/1998 4:55:00 PM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 1589

RE:" Morning Stars " >from Greg McDaniel on Mar 4 1998 >...CTXS has a bottom abandoned baby pattern today... >...indicates a major bottom reversal possibly and is very rare... - excellent call, Greg. It was a Doji Morning Star and is a reliable indicator of sentiment though not the extent of a reversal; often there can be a delay of 2-10 sessions as the stock consolidates. When I see a Morning Star - I look for the nearest option boundaries and buy the most near out-of-the-money CALL 60-days out and sit on it. Note the proliferation of Morning Stars on 12-JAN. That was one of those, "oh jeez - the HangSeng has just crashed!" days. Many stocks recovered that day. Absolute confirmation was provided the next session. That was the start of this remarkable, linear UpTrend. There was a Morning Star on little CY FRI/MON/TUE and I bought 1000s CY @ 8-1/2 leveraged with 40 CYEB MAY 10 CALLs @ 1/4. It popped real good today, up to ~9. I have found Morning Stars to be great indicators. The "abandonded baby" can be a Doji Star a spinning top "star" a hammer or an inverted hammer -- above average volume for that pattern is a real give-away that a bottom has been reached. -Steve