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Stock market info

 
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candlestick1
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Joined: 27 Jun 2004
Posts: 503
Location: Houston, Texas

PostPosted: Tue Jan 25, 2005 11:12 am    Post subject: Stock market info Reply with quote

Tuesday's trading is showing a bullish candle in the Dow after an inverted hammer signal yesterday. This stock market info allows the candlestick investor to clearly analyze that with the stochastics in the oversold area in the combination of the two signals, the inverted hammer followed by a bullish engulfing pattern, indicates a very strong reversal potential.

Could the stock market have been up today without a candlestick signal? Sure, but the fact that the reversal was created by candlestick signal versus a nonsignal provides that much more confidence that a reversal may be occurring. This is the stock market info that can be gleaned by knowing what the candlestick signals look like.

Today would be a good day to start buying the strong bullish signals such as TAYD ande BOOM
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dtdtrader



Joined: 15 Sep 2004
Posts: 24

PostPosted: Tue Jan 25, 2005 9:27 pm    Post subject: stock market info Reply with quote

Why would you say BOOM is a good buy signal? It appears to be in consolidation mode after a big up day a few days ago. Also, the stochastics are over 50.
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