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Revolutionizing Investor Psychology
 
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EYE

 
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skhalil



Joined: 29 Oct 2004
Posts: 5

PostPosted: Fri Oct 29, 2004 1:23 pm    Post subject: EYE Reply with quote

Hello, this is my first post, I recently disovered Candlesticks and Candlestick forum, after investing for 10 years. I can only say I am impressed, I am now a born again investor.

Do you think EYE is a good buy right now, did it do a classic Trend Reversal move a couple of days ago?
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candlestick1
Site Admin


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

PostPosted: Fri Oct 29, 2004 1:31 pm    Post subject: EYE Reply with quote

Welcome back to candlesticks, they are nothing more than the visual depiction of investor sentiment put into a graphic form. They would not be around after hundreds years if they did not have the probabilities greatly in their favor.

EYE would be a buyer, but would also look for the potential retest of this recent bottom, usually after a hard down draft, it takes a couple bob's
to reestablish an uptrend. Play it long, and be nimble.

This will be a low risk trade, down side 5%, upside potential 22%.
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