morning star

[darth trader]

Just found a morning star (from thursday) for ICP.


http://www.advfn.com/cmn/chrt/chrt_...0&ind1_2=&ind2_2=&ind_type3=0&ind1_3=&ind2_3=

 

[ChartMan]

Needs a password Darth....

 

[darth trader]

chart attached

 

[Riz]

Hi Darth,

Adding the chart here for convenience...have to say it got all signs of a good bounce, rise on high volume, RSI and stochastics support, etc...only I'd rather the bullish candles were a single longer one rather than 2, you think it makes a difference?

Riz

 

[ChartMan]

Darth. When I try to open your . png I get a blank screen.( Microsoft Image composer).Any Ideas...

 

[darth trader]

Martin,

sorry it's all a bit of mess really what with passwords and errors. It sounds like you need a plug-in or viewer program - the chart shows ok on my pc.

Thankfully Riz has posted in jpg format (I would but I don't have a conversion program on my ancient PC will full-up file system).

Riz,

re: morning star - I've been using metastock's candlestick functions to determine whether a chart has a morning star or not. At the end of the day there is a subjective element and metastock involved Nison in their implementation. I must agree though that this "morning star" is not the best example that I've ever seen - In general this candle pattern seems to have been highly reliable but one has to fail some time.