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dart1961

03/09/07 4:25 PM

#20233 RE: m0m0mey0 #20221

INXR -chart Agree with everything but this momomeyo

'Finally, a "dragonfly" doji depicts a day on which prices opened at a high, sold off, and then returned to the opening price. In my experience, dragonflies are fairly unusual. When they do occur, however, they often resolve bullishly (provided the stock is not already overbought as shown by Bollinger bands and indicators such as stochastics). Here's an example of a dragonfly doji:

T

BULLISH.

All aboard flight 777, ready for takeoff.





I use WM%R "Willie" to tell me oversold or overbought the best

Developed by Larry Williams, Williams %R is a momentum indicator that works much like the Stochastic Oscillator. It is especially popular for measuring overbought and oversold levels. The scale ranges from 0 to -100 with readings from 0 to -20 considered overbought, and readings from -80 to -100 considered oversold.

I use the Bollinger Bands for trading range

Bollinger Bands: An indicator that allows users to compare volatility and relative price levels over a period of time. It consists of three bands designed to encompass the majority of a security's price action. Prices will often meet resistance at the upper band and support at the lower band.
http://stockcharts.com/school/doku.php?id=chart_school:glossary_b