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

To: Broken_Clock who wrote (1498)	1/20/1999 10:43:00 PM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 1589

Papya; RE:" News Fits " >You mean like DELL warning ? kinda doubt that (^_^) The ending of earnings season itself will prolly reduce news-induced purchases by Ma and Pa Kettle, besides plain old take-profits-now the NAZ is up 10% and I'm happy, baby. This would be enough to put us in a trading range for a little while. Problem with candlesticks is, they indicate sentiment but not extent. What're the folks on the P&F threads talkin' about ? The internutz have already tanked; but they're momentum trading stocks instead of position, and so difficult to use candlesticks; intra-day, 13-minute 'sticks might work with them, dunno. I still prefer using candlesticks with major market and sector indices than anything else: mass psychology in pictures. >Still have some ASA leaps, too(calls)... I actually got the gold bug a coupla weeks ago, Papya - but I played the wrong horse! Picking from AU ASA ANGLY NEM HM, etc. I chose ANGLY and got a good pop but no follow-through, stopped out flat. Looking at it afterwards, HM had the best % move relative to GOX.X and NEM's chart was easiest for me to read... so I look at GOX.X and NEM to trigger play on HM now, fwiw. -Steve