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

To: donald sew who wrote (3883)	1/13/1999 1:32:00 PM
From: Debra Orlow	Respond to of 99985

Don, found this: iqc.com

To: donald sew who wrote (3883)	1/13/1999 1:32:00 PM
From: SnowShredder	Respond to of 99985

I usually use litwick.com Best of Luck, Where'd He Go?

To: donald sew who wrote (3883)	1/13/1999 3:04:00 PM
From: Michael Watkins	Respond to of 99985

Donald, I'm a fan of the thread and normally don't feel like I have much to contribute to this august group. I do however follow candlestick chart patterns to aid in evaluating issues for trading although I tend to dismiss them for the indicies. One technique that has proved useful to me in the past is to combine two days together into one pattern. Steve Nison in his book "Beyond Candlesticks" suggests this. If you do that with today and yesterdays pattern, it looks like less like a bullish reversal and more like a "hanging man" which would confirm most people's expectations these days. If nothing else perhaps a continued pullback to the uptrend. I'm green at all of this so FWIW! Michael

To: donald sew who wrote (3883)	1/13/1999 8:43:00 PM
From: Jack T. Pearson	Respond to of 99985

Donald, I don't think the NASDAQ candlestick qualifies as a piercing pattern since the white body did not close between the prior day's open and close. I don't think the pattern has any special name. Its significance is that the bulls were able to pick the NASDAQ up a considerable amount after a panic open. Bear strength was not evident in the NASDAQ composite index. This was a great opportunity for the NASDAQ bears, but they were very weak relative to the bulls. Jack