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

To: MileHigh who wrote (1451)	12/10/1998 12:18:00 PM
From: John Lee CA	Read Replies (1) \| Respond to of 1589

MileHigh, Sounds like a good idea. Lets follow ITNC also I see good input from Gerald and Greg and we can continue a discussion on their readings. We should not get too many stocks at one time as that will confuse the issue and be hard to track our readings vs actual performance. Talk to you all later, John

To: MileHigh who wrote (1451)	12/10/1998 2:07:00 PM
From: John Lee CA	Respond to of 1589

MileHigh, I user MetaStock and it is very good for viewing candlestick patterns. In looking at Intel it does seem that a Bearish Doji Star formed on 12/8 although the preceding day's candle was not really a "long" day. And on 12/9 we see a bearish spinning top. I suppose this could signify a reversal of the short term uptrend but I think it is not a really strong indication because of the short day on the Doji Star and that it is only confirmed by a spinning top. It may be just taking a breather. What is your reading on this? I will also be looking at VLNC and AMZN and responding to the other posts. Hope others join in so we can all learn about candlesticks. I personally see a large potential in the combination of candlesticks and stochastics. John Lee

To: MileHigh who wrote (1451)	12/10/1998 2:24:00 PM
From: John Lee CA	Respond to of 1589

MileHigh, One more comment on Intel. Notice a similar pattern starting on 12/2. On 12/2 we had a Bullish Engulfing and then 12/3 turned that into a Bearish Harami (had it gapped up we would have had a Doji Star). Then on 12/4 we get what appears to be confirmation of a bearish reversal but POOF... it rises from there. A big difference may be that on 12/2-4 it was not overbought but it is now in the overbought stochastics range. I guess as I said previously I would be cautious but would not opt out if I was long or go short.