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

To: Broken_Clock who wrote (1253)	4/18/1998 9:43:00 PM
From: MonsieurGonzo	Respond to of 1589

Papya; RE:" EGRP, XYLN " >XYLN beat earings est. by 20% to the upside...also had an upgrade(all since last Wednesday)....morning star could be consolidation before moving higher. EGRP looks ready to follow the internets upward. ...you mean, "evening star" on XYLN. Certainly makes it more risky knowing the news, don't it? If we didn't know all that, and we were just mechanically trading by the candles, we'd short XYLN for 2 points. Ah - to be a machine (^_^) EGRP's news is that they just made an alliance to open up cybertrading all over Europe. The bellwether of the XOI.X - Big Oil Index (with a weighting of 10% of the index) is AN. Just look at the really beautiful reversal candlesticks it made last week before the XOI and OSX bounced up smartly. Sometimes these NYSE turtles have really easy-to-read candles; and if you can catch them crossing some options boundary, it can be very profitable without all the damn volatility inherent in the TechStocks. -Steve