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Strategies & Market Trends : Ask DrBob

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To: shoreco who wrote (41550)7/28/2001 2:26:07 PM
From: bcrafty  Read Replies (1) of 100058
 
shoreco, about yesterday's candlestick

It seems to be an in-between pattern. Some might say that the six point difference between open and close is too much for it to be a doji (but I don't). Technically, though, I'd agree with Louis that the pattern would be a small spinning top, or possibly three white soldiers but Friday's "soldier" looked so weak that I would not send him out to the front line if I was commander LOL. But also as Louis pointed out if we had gapped at the open it would have been a deliberation bearish.

Anyhoo, I see Monday as a down day, (barring any surprises or big news) I see us go below 1940 at least intraday this week, and I envision a retest of the April low by the beginning of November.

About MSFT I agree. The following post is two weeks old but still true, a bear flag on the weeklies: Message 16084805
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