Thursday, July 30, 2009

SPY: Black Candle Printed

6 comments:

Day Tradr said...

GDP figures coming out tomorrow pre-market. That should set the tone for the day tomorrow and maybe the rally too.

Adam said...

So are you currently a bear, bull or neutral?

Stewie said...

i do not think this rally is over but a pullback around these levels wouldn;t surprise at all. so i will say neutral. yesterday i was bullish coming into today. today i am neutral. hope that helps adam. but to be honest, i just trade what ever develops in front of me.

Stewie said...

day tradr: surely the GDP numbers will either set this pattern or break it. big numbers coming out tmrw am.

Anonymous said...

i know this is a dumb ? A white candle is close > open, a red candle is close < open. Whats a black candle? thx

Stewie said...

not a dumb question at all. as a matter it's a damn good one. anyway, a black candle happens when the close is lower then the open BUT above previous day's close.

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