Mar

5

Candles, from Easan Katir

March 5, 2007 |

 Japanese chart watchers would say 2/21 was a hanging man in the S&P, which portended lower prices, followed by a doji, which indicated indecision. The decision was made on 2/23, and it was let's go down. That's about all I see.

Larry Williams replies:

I do not look at candles. They just don't light my fire for some reason. Besides when I program them I can never get them to make money mechanically. I suggest you look at volume and open interest as well as price.


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