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To: TREND1 who wrote (33726)	5/20/1998 10:30:00 AM
From: DavidG	Respond to of 53903

Larry, Now 7 Red Candles in a row Hmmmm....that sounds bullish<vbg> add to that the fact Skeeter is back in his PUTs and we may have a few good up days for MU.:-) Did you notice Skeeter is buying just out-of-the money instead of Way-out-of-the money...is he actually learning or what? DELL winds up down after big start, techs are getting sold off into any rallies. I think seasonal effect is occurring now. DavidG

To: TREND1 who wrote (33726)	5/20/1998 10:44:00 AM
From: Patrick Koehler	Read Replies (2) \| Respond to of 53903

Larry, I know that you and many TA folks follow the candlestick stuff. Here is my take on it. While I have never been to a casino, I compare candlesticks to the red and black on a roulette wheel. About eight years ago, I got the brilliant idea that if someone watched the pattern, and if, say 5 reds came up in a row, bet the black. I decided to check the odds on the computer, and had one of my employees flip a coin 2000 times, and the results were entered into a spreadsheet as 1's and 0's. I then checked various patterns. If 4 in a row appear, what are the odds of the opposite color winning. What if 5 in a row, 6 in a row, up to 10 in a row. What if you lost, and you doubled up on the next bet. Well, the results were that you will always lose, because the odds are not even 50-50, because of the two greens where the house wins all. Candlesticks don't have the house greens, but I still see it as 50-50 odds of changing colors. Just thought that you would be interested. Patrick