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Gold/Mining/Energy : Nuvo Research Inc

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To: Joe Krupa who wrote (5802)11/20/2000 11:50:10 PM
From: Montana Wildhack  Read Replies (4) of 14101
 
Joe,

I know you're interested in Candlesticks.

I see the first clear evening star in 6 months since
the notorious downtrend started with a morning star
on June 02.

That's the first reversal pattern since the morning star
started the latest down leg 19 trading days ago. There's
another one around August 23rd starting that drop to
the HC announcement which was stopped by a Harami 5 days
later.

I'm not getting excited and am writing in the same tone
as Sargent Friday, so just the facts m'am.

Wolf

PS - Morning & Evening Stars are reversal patterns. Morning
stars are found at tops and evening stars at bottoms. A
Harami signals the end of a trend - but not necessarily a
reversal. Looking at a 6 month Candlestick chart setting
shows it traded sideways for weeks after the late August
Harami ending the steep fall after HC.
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