Replies to post #1045 on World Surveillance Group Inc (fka WSGI)

[grapes]

open .258
high .27 at 9:45ish (upper shadow)
low .242 at 11:45ish (lower shadow)
so far today these are the top shadow and bottom shadow

how much the price moves from the opening price determines the length of the body

in what direction determines the color or type of candle

up=generally hollow or green
down=generally full, red or black

Todays shadows have not changed. If you looked just before lunch when we were close to the low of the day then the candle shadows would have appeared smaller and the body larger than it is now. The price is closer to the opening price currently so the body appears smaller now.

Hope that helped.

[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

[william2112]

lowtrade,

i forgot...as with everything...if not more so...volume is the key to understanding the formation of a candle--if i find the time this weekend..i have a great example to show you(how you can be fooled)---greatest of luck

sinc,

bill