Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (9328)	6/2/1998 4:38:00 PM
From: AlanH	Read Replies (2) \| Respond to of 42787

Chris, interesting patterns and formations lately... From time to time, I'll include candlesticks in my analysis -- particularly on the indices. (It's just one more shred of data.) Example: Plot SPX using 10-min intraday intervals, style=candlestick. Pay particular attention to Hammers (on downtrends) and Hanging Man (on uptrends); these occur more frequently than say, Dark Clouds (on uptrends). To be sure, this is all rudimentary stuff. The results are statistically consistent. While the charts are less compelling for stocks such as DELL, I find such stocks to move in sympathy with associated indices. (In any case, the alert trader should have no trouble pulling the trigger.) Interestingly, INDU, OEX, SPX, NDX, COMPQ all reflect Morning Stars at today's last tick. We shall see.