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Old 08-30-2007, 02:49 AM
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Re: DJIA Candles

I finally got tradestation installed and ready to go

Looking at the charts that were formed today I noticed that we still fit inside a wedge. But there are definitely some things to consider. Depending on how you draw your trendlines for the Nasdaq, the naz could be a leading indicator. Before all of this started, the Nasdaq was being used as a leading indicator by John Carter. I no longer use his service and just rely on myself, but it would be interesting to know what he's looking at.

I wanted to make sure I was looking at the big picture here too, so I looked at the weekly charts. One thing stood out, on the Dow, Naz, and S&P we are forming a (hammerhead?). But we are not breaking any form of resistance, and I still think the candle could mean something significant. I have too many images to attach so I will just post them via imageshack.

Let me know what you think Brownsfan...

















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