World Surveillance Group Inc (fka WSGI)

[william2112]

lowtrade,

the easiest way i can describe it to you(layman)... when you see short shadow lines(if any) and a larger solid body...you tend to see decisive trading(today.. i'm going to buy! or today.. i'm going to sell!)--spoken as a group of course---when the body of the candle tightens(shortens)...shows indecisive trading(today i may buy.. or maybe i'll sell)

today's example(excluding manipulation) would be...this morning i'm going to buy(spoken as a group)...the price rises from the open..then the sellers come in and drive the price down below the open..this process repeats over and over--the taller the shadow lines...the greater the struggle---the smaller the body...the greater the indecisiveness

this is why when you see this candle(short body with upper and lower shadows) in a down trend/uptrend..it plays into indecision or reversal if you will(maybe i don't want to sell/buy any more)---but it may also show a continuation--this candle needs another one to show a confirmation--it can also have dozens of variations and patterns(size of body...position of body...size up shadows...position of shadows..where it is in trend..where it is in association with others around it..etc)--some given...a "doji"..a "hanging man"...a "highwave"..a "gravestone"..a "harami"..a "rickshaw man"..a "hammer"...a "shooting star"...an "evening star"..a "morning star"....etc..

i better stop there because i could really get into this..and i probabally would tick many off---sorry..hope i didn't go overboard(did i stop myself in time or just confuse you...lol)

will talk later...randomness for the weekend!!!..to all

sinc,

bill