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

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To: HeyRainier who started this subject5/16/2002 4:50:02 PM
From: Geriq   of 1589
 
ELN

After a considerable downtrend, today I think we've got a spinning top. Actually opened up a little from yesterday's close.

My understanding is that I should wait another day to get bullish confirmation. But I think the spinning top shows some indecision and I think the bears are pretty much played out on this one. I cannot find any real bad news to substantiate this drop. I think the spinning top today is going to herald a turn-around.

I may be completely wrong. This is mostly an observation.

I am not making any recommendations, but to keep myself academically honest, I will share that I bought some July 10 calls @ $1.30. We'll see.

DTH
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