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[wow_happens28]

I'm excited, but my master candle reading is bearish.

The reading got very bearish today, a day of great bullish price action. It may just mean a little pullback, but it is strongly bearish. Less bullish patterns today as well as more bearish patterns. We'll see what happens soon.

To refresh anyone interested, I take the number of hits on hotcandles.com on the 33 listed top bearish patters and the 33 listed bullish patterns and keep a running total. On March 9th the reading turned Bullish on a down day and the market exploded. I just started this and don't know where it will take me. I suspect it will be good sometimes and bad others like any other indicator. We shall see.
http://www.hotcandlestick.com/candles.htm

Last ten days 33 bearish patterns and 33 bullish pattern formation hits


---------Bear-------Bull-----net-----NAS points----NAS vol(blns)
3/26/09----3001-----1988---1013 BEAR----plus 58-------2.5
3/25/09----2992-----2392----600 BEAR-----plus 12-------2.5
3/24/09----3228-----2371----854 BEAR----minus 39-----2.0
3/23/09----2634-----2712-----78 bull-----------plus 98------2.3
3/20/09----2673-----2651-----22 BEAR----minus 15------2.5
3/19/09----2343-----2835----492 bull-------minus 8--------2.5
3/18/09----1880-----2804----924 bull---------plus 29-------2.8
3/17/09----1868-----2927---1059 bull--------plus 58-------2.1
3/16/09----1958-----2887----929 bull------minus27--------2.2
3/13/09----1714-----2869---1155 bull--------plus 5----------2.0
3/12/09----1637-----2835---1198 bull--------plus 54--------2.4
3/11/09----2005-----2380----375 bull--------plus 13--------2.2
3/10/08----2092-----2349----257 bull--------plus 90--------2.4
3/09/09----2142-----2324----182 bull-------minus 25-------2.0
3/06/09----2852-----2255----597 BEAR----minus 6--------2.4
3/05/09----2906-----2305----601 BEAR---minus 54-------2.3
3/04/09----3072-----2372----699 BEAR---plus 32----------2.3
3/03/09----3160-----2106--1048 BEAR---minus 2----------2.3
3/02/09----3267-----1895--1372 BEAR---minus 55---------2.3
2/27/09----3086-----1844--1242 BEAR---minus 13---------2.4
2/26/09----3083-----1715--1368 BEAR---minus 34---------2.3
2/25/09----2742-----1920----822 BEAR---minus17----------2.3
2/24/09----2490-----2178----312 BEAR----plus 54-----------2.3
2/23/09----2949-----1861--1088 BEAR----minus 53---------2.0
2/20/09----2590-----1864----726 BEAR----minus 63---------2.4
2/19/09----2465-----1910----555 BEAR----minus 3-----------2.0
2/18/09----2217-----2152------65 BEAR----minus 25---------2.0
2/17/09----2233-----2034----199 BEAR----minus 1-----------2.5

GL ALL