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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: ViperChick Secret Agent 006.9 who wrote (46077)6/16/1998 11:27:00 PM
From: donald sew  Respond to of 58727
 
Lisa,

If you take a look at the top of yesterday's candle - its at 534, which is also the high of the previous day. Per his commentary, I would pressume that he would consider that as the resistance per just the candlesticks.

Frankly the THRUSTING PATTERN requires substantial confirmation which makes it a relatively weaker candlestick pattern. It will create some resistance but it will not be all that strong. Its an IFFY pattern.

However, it does have substance since the bottom of that big BLACK MARUZUBO ended up as a lower low. This starts taking candlestics beyond conventional interpretations.

Candlestic aside, I noticed a technical pattern that tomorrow could be a strong up day, but if it is that could also be the end of this short-term upswing. Strong being in the 75-150 point up day intraday.

Seeya