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

To: ViperChick Secret Agent 006.9 who wrote (9827)	6/8/1998 11:01:00 PM
From: AlanH	Read Replies (1) \| Respond to of 42787

Lisa, re:shooting star on the OEX Thanks for the link to CSTA. For all practical purposes, OEX exhibits a Shooting Star on the daily chart -- btw, that's the reason I mention OEX as neutral to slightly bearish. (Recall that Shooting Star indicates the end of an uptrend, but not a major reversal. That's what we experienced at 10:10 for SPX, creating a listless day with a slightly negative bias.) Just for trivia: the CSTA chart shows a nice Shooting Star candle with a gap open; my chart does not. (Compare Friday close, Monday open; or, Friday High, Monday Low -- depending on your preference.) Why is this important? The knit-picky crowd likes to see the sort of gap that CSTA represents. Again, thanks.