Trend Setters and Range Riders Message Board

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Strategies & Market Trends : Trend Setters and Range Riders

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To: bobby is sleepless in seattle who wrote (2591)	2/13/2001 10:55:23 PM
From: Susan G	Read Replies (1) of 5732

That ceo interview saved the day, as INRG was going down with the ship at that point...surprised it didn't tank after, as cnbc highlighted stocks usually do <g> I guess there were too many good shorts out there at that moment! MCDT - had a bullish reversal today, a homing pigeon Homing Pigeon - Moderate bullish Reversal How to Identify it The first day is a long black day The second day is a smaller black day that is within the body of the first day What it Means In a downtrend, the bears continue to have their way. However, the second day opening and closing within the body of the first day suggests an erosion of the downtrend. Ensuing sell-offs, followed by buy-ins could result in a bullish reversal.

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