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Inside Day

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venice
Super Contributor
We have an interesting candle formation that formed today. A mirror image or tweezer formation and since the range of the candle is equal or slightly less than yesterday it can be called an "inside day" aswell. Both of these predict an explosive move. Lets see tomorrow.
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an explosive move but which way up or down??????thanks
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thanks Trend, i need some good news. Do you expect any particular sector to lead\?
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venice
Super Contributor
You can't say here if it occurs after an up leg then it marks a reversal. Can't say were the market is now but the plan is to go with, but since I day trade it might have relevance if you swing trade probably less. I think anyone holding positions in this market is taking risk.
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MichaelR
Regular Contributor
See how the market has just gone down.
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venice
Super Contributor
Nice 500 plus point down for the ALSI traders. This is a powerful pattern that seldom occurs but usually produces.
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john_1
Super Contributor
hi venice I know very little about candles. Please page print and email me the details as I am also wanting to learn more..Thanks [email protected]
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_nova
Super Contributor
John, try this website. Got some excellent educational stuff on candles and chart pattern systems. The two go hand in hand. http://stockcharts.com/school/doku.php?id=chart_school
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XDDOW
Occasional Contributor
So much for the candle
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Vano
Regular Contributor
John, another site which might help.....http://www.candlesticker.com/
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