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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: donald sew who wrote (30897)9/24/2000 6:08:54 PM
From: Casaubon  Read Replies (1) of 42787
 
The COMPX has an imperfect "ON NECK BEARISH" formation

"The bullish counterattack line also looks similar to the bearish in-neck pattern. The difference is that the white bullish candlestick line is a longer candlestick than the white candlestick of the in-neck line. In other words, with the counterattack line, the market opens sharply lower and then springs back to the previous close, while the in-neck line opens slightly lower and then moves back to the prior close." 1

1) Japanese Candlestick Charting Techniques, by Steve Nison
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