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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: AurumRabosa who wrote (35959)	10/8/1999 4:01:00 PM
From: broken_cookie	Read Replies (2) of 44573

OT - Ron, An outside day is considered a bearish engulfing pattern if, during an uptrend, an outside day occurs with the close below the previous day's low. Also known as a key reversal. The opposite is also true - outside day + close higher than yest. high + downtrend = bullish engulfing and key reversal. Both are supposedly signs of a major battle. Outside day = higher high and lower low than previous day - obvious, but just for clarity. Disclaimer: from memory. Rich I think one of the ingredients was missing for the bearish engulfing. <G>

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