SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Stock Attack II - A Complete Analysis

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: isopatch who wrote (13120)7/30/2001 10:06:08 AM
From: donald sew  Read Replies (1) of 52237
 
Isopatch,

>>>>> It's just amazing how powerful some of these downtrends can get in a Bear Market. Here's a good example:
siliconinvestor.com. But some clarification on how to interpret a wall of crows like this one would be helpful with a lot of other similar charts. . <<<<

Per your chart, the 3-BLACK CROWs actually was completed 5 weeks ago, and it continued down 4 straight weeks thereafter. This was a case where there was no pause/bounce after the completion of the 3-crows.

>>> And how far do you think it's likely a counter trend rally would carry into a flock of crows like that? <<<<

Maybe just a FIB rebound of the complete down leg. In this case since the selloff is far below the 3-CROWs, the 3-CROWs have been fully satisfied and no longer an issue.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext