MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 691.66

-0.1%

Jan 16 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: el paradisio who wrote (51399)	5/20/2000 3:47:00 PM
From: Casaubon	Read Replies (1) of 99985

don't forget, we are talking about the weekly stick. The bearish engulfing occurred the week of 4/10-4/14. The bullish marubozu occurred on the daily chart on 3/16 with a price range of 605 to 634. The support from that stick was tested on 4/14 and 4/17. I am not saying that the bearish engulfing engulfed the marubozu. I am saying the weekly engulfing stick consumed the prior three candles (3 weeks of gains). The bullish marubozu stick (low 605.02) offered support to that slide to within a point (long black candle from 4/14 had a low of 605.57)!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next