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Strategies & Market Trends : Candlestick Charting--The unknown indicator -- Ignore unavailable to you. Want to Upgrade?

To: surfinSteve who wrote (1374)	8/20/1998 2:27:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 1589

steve....my basic thought was and is that untill resistance at 1105ish on the S&P is broken strongly to the upsid eon a closing basis then the trend will continue down.http://www.iqc.com/chart/default.asp?period=120&time=day&chart=candle&chart1=ma&volume=y&rsi=y&stochastics=y&momentum=y&symbol=%24inx it is always good to compare weekly, daily, hourly charts to find the support and resistance if playing the indexes or even looking to them for guidance. as for a "spinning top" call... I think his inference is that the indecision at the resistance level(1105ish) is reflected in the candle patterns. There are many types of cnadles that relect indecision. personally, I think that is what candles are best for, showing the "emotion" of the market. It is a mistake to use candles without also taking many other TA methods into consideration.