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

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To: Greg McDaniel who wrote (1571)5/20/2002 11:08:35 AM
From: Geriq  Read Replies (1) of 1589
 
Can I ask you for an interpretation?

You mentioned OPWV as a possible shooting star. For the first half of the trading day, that is how it looked. Just a nice spinning top with it's body above the previous close. Later in the day and at close, it closed considerably lower.

Can you consider it as a shooting star with bearish confirmation later in the same trading period, or do you look at the entire day before making a call?

Also, how do you scan the stocks to pick one? ie where did you find TOPP?

Thanks.
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