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To: The Perfect Hedge who wrote (50819)	8/26/1998 8:14:00 PM
From: MonsieurGonzo	Respond to of 58727

Beeblebrox; RE:" intra-day candlesticks " >Do the intraday candles work for you ? yes. Message 5551328 -Steve

To: The Perfect Hedge who wrote (50819)	8/26/1998 9:21:00 PM
From: AlanH	Read Replies (1) \| Respond to of 58727

Beebs, re:intraday candles... Below URL is a 5-min chart for $NDX. iqc.com If you're familiar with basic formations, you'll note the following: * 9:45 Morning Star (bullish reversal) * 10:10 Dark Cloud (bearish reversal) * 10:25 Morning Star * 12:35 Evening Star (bearish reversal) * 3:00 Hammer (bullish reversal) Of course, there are other formations (many non-confirmed)... but you get the gist. The trick is to identify the appropriate interval (eg, 5min, 10min), and to seek confirmation. I've found intra-day index 'sticks to be helpful when augmented with other TA tools; over the past several days, I've day-traded DELL, CSCO options using $NDX candlesticks as a sentiment barometer. [In a sense, this echoes the commentary from MGonzo -- although I can't hold a candle to his prowess.] Since reversals may occur without warning, common-sense trading discipline is (of course) required. GT, Alan