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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: theniteowl who wrote (682)2/22/2001 7:21:26 AM
From: donald sew  Read Replies (1) of 52237
 
theniteowl,

The TRAN is similar to the DOW since there is a slight gap between DAY-2 and DAY-3. I mentioned that the DOW was an imperfect 3-BLACK CROWs since the SPX/OEX was supporting it with their 3-BLACK CROWs; however I would normally say that it was just a negative pattern but not a 3-BLACK CROW. So in this case for the TRAN, I would say the same as for the DOW that it is an imperfect 3-BLACK CROWs. Now thats 5 3-BLACK CROWs arriving the SAME day. 3 which were textbook examples(OEX/SPX/RUT), and 2 which are imperfect(DOW/TRAN) Hasnt happened before, and just aint good.
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