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

To: pater tenebrarum who wrote (10848)	4/13/1999 2:29:00 PM
From: HairBall	Read Replies (2) \| Respond to of 99985

heinz blansnik: L3 has some recommendations on the MDA Web Site on the help page for Candlesticks. Regards, LG

To: pater tenebrarum who wrote (10848)	4/13/1999 3:03:00 PM
From: donald sew	Read Replies (1) \| Respond to of 99985

Heinz, I have no book on it, but heres a good website. litwick.com I mainly use the daily candlestick, although I am aware that many use the intraday and weekly candlestick. I use it to confirm short-term signals. For example both the OEX and SPX gave HANGING MAN formations which they claim to be only a fair reversal signal, but I have seen good reaction to it. It is normally only good for very short time frames (1-3 days), unless there is a multiple day pattern. Although the NAZ is not selling off hard, its interesting to note that the NAZ already sold 1 bill shares. seeya