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nosyajfm

05/13/08 4:42 PM

#37346 RE: siriuslyricher #37345

I believe merlin uses what some would call non-conventional charting methods.
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nilremerlin

05/13/08 8:43 PM

#37352 RE: siriuslyricher #37345

siriuslyricher: I don't go by candlesticks much, but I do view the American Bulls site every day just for fun, and they had a "Buy Confirmed" yesterday. Here's their description of today's candlestick:

"Today a White Opening Marubozu was formed. This shows that the day opened and then the prices continued to go up all day long without coming below the opening level thus forming a long white body, however prices did not close at the high of the day and thus they created an upper shadow."

I really don't have more to say about it.

My spacial chart shows that the major beneficent, lucky, relaxed (up on relatively low volume) vibe to the GTEM trading environment dominates this week, peaking on Thursday, then on Friday the major opposition to the trading environment shares dominance with a different lucky relaxed vibe of a more volatile character, and we don't see opposition to the trading environment for quite a while after that. We might see close to .11 by Thursday, IMHO.
A lot of the heavy buying volume including short covering happened on the engineered descent last week or so, so it moves up easily on lower buying volume this week.

nilremerlin