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Hi Dimitris,
Thursday, January 15, 2004, 6:00:58 PM, you wrote:
DT> The ^N225 recent statistics [since May2003] have the next candle
DT> inside the TEMA-Keltner bands, after a red candle. Shall we see a
DT> bulish pivot in the next 1-2 bars ?
Unfortunately, older ^225 data (even from the beginning of '03)
suggests this is not a very reliable next-bar or two predictor.
Interesting times. We are now already (very slightly) negative on
this very short year, and we did it on very large volume. My 'wedge'
call is not out of the question yet. ^^_^^ That's one of the
frustrating things about chart patterns: they do resemble one thing
one day, but sometimes a completely different thing 5 or 10 bars down
the road. We could have a flag here at the beginning of the year,
but it's not looking very pretty, and the volume should be drying up,
not staying heavy or expanding.
Yuki
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