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

To: MileHigh who wrote (1447)	12/9/1998 12:13:00 PM
From: Iceberg	Read Replies (1) \| Respond to of 1589

>I would love to pick some charts and discuss some developing patterns. MileHigh, What is your favorite candle pattern? The so-called "doji" is an interesting candle to me. My understanding is that it's a classic reversal candle. If you look at Pep Boys' [ticker PBY] daily chart, as an example, you'll see a doji at the bottom in the first week of October. There is a series of "dojis", "dojii" or "dojes"? [I obviously don't know what the plural of doji is] in the first week or so of December. If the doji indicated a bottom reversal in early October, wouldn't the current doji pattern be indicating a similar bottom reversal now? As another way of looking at it - - if ONE doji candle indicated a bottom reversal [early October], do TWO or THREE in a row [early December] indicate an even stronger reversal signal? Ice

To: MileHigh who wrote (1447)	12/9/1998 3:58:00 PM
From: John Lee CA	Read Replies (1) \| Respond to of 1589

I would like to participate in such a discussion. I am reading Greg Morris' book now and would enjoy feedback. What is the next step? Do you have some stocks to suggest? I would prefer to look at new, evolving patterns. Anyone can justify what they see on an existing pattern. Maybe we could do a watch list and make individual evaluations and predictions and see how we do?

To: MileHigh who wrote (1447)	12/9/1998 6:22:00 PM
From: Greg McDaniel	Read Replies (2) \| Respond to of 1589

Take a look at VLNC today. It is showing a Upside Tasuki Gap. A rare pattern. see my post on VLNC thread. Message 6762198 Warning! VLNC is a highly speculative stock. Take a look at AMZN. yesterday ended with a bullish engulfing pattern and is up $12+ today. To late to act on this one. Take a look at emc with a bearish engulfing pattern. Is it running out of gas and going to take a breather. Nasdaq ends the day with a hammer. Possible short term dip on the horizon?