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

To: Greg McDaniel who wrote (1453)12/9/1998 11:17:00 PM
From: Gerald Walls  Read Replies (2) | Respond to of 1589
 
VLNC is actually showing a Unique Three river bottom rather than the upside Tasuki Gap.

Here's a candlestick graph with RSI, MACD, and OBV. How does the candlestick pattern compare with the other apparently bearish indicators? I'm your student. Teach me.

iqc.com



To: Greg McDaniel who wrote (1453)12/10/1998 2:47:00 PM
From: John Lee CA  Respond to of 1589
 
Greg,
I think your first call was correct. I don't see this as a Unique Three River Bottom because of the gap down on the second day and the third day does not close lower than the close on the second day. In any case, I would be very cautious about a reversal.

And indeed, I just checked the Intraday and VLNC is down and appears will finish as a bearish candle.

Your comments?

John Lee


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