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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: Ken Adams who wrote (3049)	2/13/1999 2:11:00 PM
From: Dr. Stoxx	Respond to of 39683

Ken, I'm not convinced by Candlesticks either, except for very short-term reversals, in which case, it has been my experience, they give reliable signals. But there are only a few good candles to be used for this, and fortunately, litwick allows you to screen for them. It is a daytrading tool, in other words, than can be used by us swingtraders for timing our entries. Litwick also, it seems to me, is helpful in identifying trending markets (see their "top-25 lists). Their daily emails, however, are useless unless you are a daytrader. For TA searches, the Sapphirebay screener comes as close as I have seen. It provided me with what seems so far to be a very impressive list of shorts (see BTTT Short Port). But I have yet to find a set of parameters that brings up consistent results. And you can do nothing about changing period times. We will keep searching... TC.