gotta have faith monday, page-5

cheers bachy



"..Can you please change the colors of your candle sticks ?.."

Hi asheerwadh, its just a personal choice that I learnt from the beginning. Firstly I've never known candles and still cant read them, I can but very slowly but as you I reckon the colours are back to front too:).

I place more emphasis on weakness being in the upbars ie. the red colour which may mean hidden pro selling with high volumes or no participation from them at all with little red bars/candles.

Pro Money plan to sell only whilst going up, red meaning be careful

Vice versa, possible strength will be seen in downbars, being the green ones with hidden pro buying and small little green ones may mean no action at all from the pros, easy hey

Most probably wrong but today I think we may lead the yanks up tomorrow with a better than expected day, now watch we'll plummet 200pts :)

Below is a LYC day chart which shows all those big high volume UPBARS (which are red and a level closing one in the middle which is black but its red with weakness/selling all over it anyway) of early last week.

Now Inside todays action I'd be watching which way the action breaks the opening intraday bar,

If it goes lower I'll hedge intraday and then close whenever or If it breaks higher I'll do the opposite, lets see how our -38pts futures expected opening pans out.

One last thing, have also done up a comparsion chart between LYC, LYSCF and LYI of last nights action, LYC is represented by the mountain bars at bottom

our new resistance level appears to be $1





P.S. after opening chart click again for clarity