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

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To: HeyRainier who started this subject5/15/2002 4:38:07 PM
From: Geriq   of 1589
 
OK, I'm looking at ELN now. Trading at $9 1/4. Previous support at about $10 1/2.

Big drop today after a rating of underperform. Long black candle with middle sized bottom wick.

I'm not sure how to interpret this and what, if anything to do about it.

Any one checking this thread care to comment? Reading the reports and the ELN thread, I get the hunch that this may go up from here.

With the downtrend on bad news, I'm reluctant to make any predictions. But I'd like to hear from any one who knows how to use the candlestick charts to see what you think they say. Not looking for recommendations.

DTH
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