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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (12501)	3/12/2001 9:36:43 PM
From: Crossy	Read Replies (1) of 30051

re: GAPS Ok, as to gaps the bible of candlesticks, Steve Nisons book is inconclusive here as to the time frame of 3 gaps. If you look at the chart, the IXIC already had 3 huge downward gaps in 2001. If you are looking for 3 consecutive gaps, a gap down tomorrow would qualify. the gap down on Friday wasn't huge but it was present nevertheless.. The funny thing on Wednesday's big gap up is that it was a gravestone doji - rather unusual and definitely not bullish shortterm (we are witnessing this now) but this is easy to attest ex-post. Then the pattern on Thursday/Friday reveal a "upside gap two crows" pattern. A gap down would indeed point to exhaustion... any advice how to time SCMR ?? rgrds CROSSY

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