InvestorsHub Logo
Followers 608
Posts 42247
Boards Moderated 6
Alias Born 01/10/2004

Re: utmostbastard post# 1632

Friday, 04/23/2010 9:01:09 AM

Friday, April 23, 2010 9:01:09 AM

Post# of 1692
Good morning e what do you think about this last candle stick a spinning top candle? If you have time can you do an updated annotated chart, thank you most kindly.

The Momentum and the technical s are turning upward nicely on the osciq chart something this chart play has not done in over 1 year.

God bless and always the best of trading.

http://www.americanbulls.com/StockPage.asp?CompanyTicker=OSCIQ&MarketTicker=OTC&TYP=S

WHITE SPINNING TOP
http://www.candlesticker.com/Cs03.asp
Type: Reversal/Continuation
Relevance: Indecision
Prior Trend: N/A
Reliability: Low
Confirmation: N/A
No. of Sticks: 1

http://www.candlesticker.com/Cs03.asp

Definition:

The White Spinning Top is a single candlestick pattern. Its shape is a small white body with upper and lower shadows that have a greater length than the body's length.

Recognition Criteria:

1. The real body of the pattern is white and small.
2. The upper and lower shadows are longer than the real body's length.
Explanation:

The market moves higher and then sharply lower, or vice versa. It then closes above the opening price creating a white body. This represents complete indecision between the bulls and the bears. The actual length of the shadows is not important. The small body relative to the shadows is what makes the spinning top.

Important Factors:

If a White Spinning Top is observed after a long rally or a long white candlestick, this implies weakness among the bulls and it is a warning about a potential change or interruption in trend.

If a White Spinning Top is observed after a long decline or a long black candlestick, this implies weakness among the bears and it is a warning about a potential change or interruption in trend.

Like most other single candlestick patterns, the White Spinning Top has low reliability. It reflects only one day's trading and can be interpreted both as a continuation and a reversal pattern. This candlestick needs to be used with other candlesticks for a healthier confirmation of a trend.

http://www.candlesticker.com/Cs03.asp

OSCIQ — Oscient Pharmaceuticals Corp.
Common Stock
Par Value: 0.10
OSCIQ CHART 0.0300
1
http://www.oscientrestructuring.com
2
http://www.knobias.com/individual/public/quote.htm?ticker=OSCIQ
3
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=osciq
4
http://www.americanbulls.com/StockPage.asp?CompanyTicker=OSCIQ&MarketTicker=OTC&TYP=S




































*WEEKLY CHART*
http://www.americanbulls.com/StockPage.asp?CompanyTicker=OSCIQ&MarketTicker=OTC&TYP=S

http://www.americanbulls.com/StockPage.asp?CompanyTicker=OSCIQ&MarketTicker=OTC&TYP=S



























http://www.americanbulls.com/StockPage.asp?CompanyTicker=OSCIQ&MarketTicker=OTC&TYP=S

http://www.americanbulls.com/StockPage.asp?CompanyTicker=OSCIQ&MarketTicker=OTC&TYP=S

http://www.americanbulls.com/StockPage.asp?CompanyTicker=OSCIQ&MarketTicker=OTC&TYP=S

[color=red]Stop By And Visit Me At The SmallCap Trading Techniques Board

investorshub.advfn.com/boards/board.aspx?board_id=4203

Valuable Trading Ideas to help you make more MOMO!
[color=red][/color]

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.