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.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Alan Newman who wrote (8563)	7/2/1998 11:58:00 AM
From: epicure	Respond to of 164684

Nison has written some great books on candlestick charting- a Japanese charting technique evolved in the rice markets. A shooting star in an uptrend is bearish, the longer the shadow the more bearish- it signifies a diminshment of strength.

To: Alan Newman who wrote (8563)	7/2/1998 12:30:00 PM
From: Tenpole	Read Replies (2) \| Respond to of 164684

A Shooting Star is a Candlestick term (an old Japanese form of chart analysis) that is bearish in an uptrend (which is where we are now). The shadow marks the trading range that is outside of the O/C price movement for the day. Here it may show that for as many buyers that were out there, the sellers came to meet them and the higher price couldn't hold. Then again, it may not..... Steve Nison wrote one of the more open books on the subject (Japanese Candlestick Charting Techniques), available from all good bookstores. Oh yes, and Amazon..... T