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How about a white candle for a change?


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#1 Rogerdodger

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Posted 27 July 2007 - 11:48 PM

Climatic volume, down to horizontal support.
Looks a lot like the last week of Feb. http://stockcharts.com/c-sc/sc?s=$SPX&p=W&yr=3&mn=0&dy=0&i=p28233431990&a=31991787&r=8708.png

Edited by Rogerdodger, 27 July 2007 - 11:56 PM.


#2 borland

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Posted 27 July 2007 - 11:57 PM

Yes, I noticed that too. Both S&P500 and the Nasdaq closed right at support today. So we may get a bounce here, but... candlesticks have been very reliable for the last year and we don't have a bullish reversal candlestick pattern on either the daily or weekly yet. Good luck with the trades.