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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 (13122)	7/25/1998 7:06:00 PM
From: Lee Lichterman III	Respond to of 42787

Wish I knew. LOL That first one looks like one of my holdings and I have been staring at it all weekend so far. I had that pattern on one that I held last week and it held the range of the long body for 4 days and then collapsed down. A long body like the week before's on that OEX chart usually puts up resistance for any subsequent bounce. I must admit that candles are not my forte'. I use stochastics and trendlines as my primary indicators and then the rest are just qualifiers. Actually there are a very rare few stocks or indexes that look like a short term bounce is possible but limited in strength. I have also seen this pattern as false and bull runs continue on but it is a rare occurance. My point was it is wide spread across the market. The second site you sent me to I found something interesting that I was meaning to do later tonight. That is sector comparison. I noticed on his chart that what I consider defensive plays were the lowest sectors. Could we take that as they are the most likely to move up soon. That would make a short term bounce, sell into the rally then move into defensive posture even more interesting.