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1) The mid point of today's body was 1264.00 vs. 1265.24 yesterday.
2) The mid point of today's whole candle was 1259.98 vs. 1264.59 yesterday.
3) Today's close of 1261.21 is lower then both midpoints from yesterday.
4) Look for resistance around 1264 - 1265 area and a down day tomorrow??
I'm all ear's : >)
Lenny
In a message dated 5/8/2001 10:07:47 PM Eastern Daylight Time,
ispi9@xxxxxxxxxxxxxxxx writes:
I must aggree 100%
Study the Body of the candle
By that I mean exclude the Shadows either end, for now
Then take the Mid-Point of the body..note that PRICE
Now look at the Previous bar
Do the same thing
Now do the same thing with the whole candle
What did it tell you about Todays bar
What do you think TODAYS bar is going to tell you about
Tomorrow
Let me know what you find
regards
stephen Down Under
ps a different stephen
also known as the gentle bull
incidentally today 9th is my birthday
Thus bull = taurus
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