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Strategies & Market Trends : Candlestick Charting--The unknown indicator

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To: HeyRainier who started this subject5/15/2002 9:06:57 AM
From: Geriq  Read Replies (2) of 1589
 
It's been a while since any one posted anything on this thread. I've recently been playing a little with this method of charting, I'd love to get this going again and hear and learn from others.

I am currently looking at QBAK. I think yesterday was a pretty good dragonfly. They had some bad news (did not hit earnings--although not by much) and then announced good news later. They opened and closed yesterday at 5 3/4, with a usual support level of 6 1/2.

I'm not going to be one of those tedious contributors who talks about past successes. But I did put in a limit order for 5.80. That way if it gaps up significantly, I won't get stuck with a high buy price but I am hoping if I get in at this level to pick up 1/2 or maybe a point.

DTH
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