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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: MileHigh who wrote (985)	12/8/1998 10:44:00 PM
From: Monty Lenard	Read Replies (1) \| Respond to of 99985

*OT*Hi MileHigh, "I was noticing some indecision (Doji) and topping action- RMBS is harder to pin down- looks like a shooting star formation on THURS 12/3 which caused my concern." Agree on the shooting star but as you know the Doji (Western Island Top)is the STRONG reversal signal. What I see is 2 inside up days in the last 2 sessions (weakness) with a shooting star today again not the STRONG Doji. I think you are going to love the calls you sold. And you are exactly right that is a tough pattern. One thing about it, I do not think you will have to wait over a few more hours to find out. :-) BWDIK Good Luck! Monty PS I do not know of a candle thread but I have not really looked. If I run across one I will let you know.