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

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To: donald sew who wrote (7956)5/24/2001 10:19:20 AM
From: donald sew  Read Replies (1) of 52237
 
The 3-DAY PATTERN is still setting up. DAY-2(today) should either be down or flat(closing basis). If the market was to rally today and close near the recent highs that would negate the possibility of a 3-DAY PATTERN. For now, the overall market is relatively flat.

The reason I started mentioning the 3-DAY PATTERNs was because many felt that it was bullish if the day after a strong selloff was flat. Statistically there is no support for that, base off of the CLASS 1 SELL signals. In more cases than not, if DAY-2 is flat, it is just a rest before the move continues.
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