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

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To: sean sanders who wrote (1574)5/27/2002 9:03:09 AM
From: Pierre Borczuk  Read Replies (1) of 1589
 
Have you ever tried to look at the sensitivity/specificity of using various candlestick patterns on predicting the next day's close?

I ran through a large number of stocks, with the candle patterns from The Greg Morris book...I was very unimpressed by their predictive ability.

(4000 stocks, > 1 year, >40 candle patterns)

Pierre
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