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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: TechTrader42 who wrote (17324)8/30/2001 2:43:11 PM
From: donald sew  Read Replies (2) of 52237
 
Brookelise,

>>>> Only one reservation about that three black crows pattern with the SOX. Generally, it's better if they appear "at high-price levels or after a mature advance," as Nison writes. The SOX has been muddling along in a range, despite some institutions' best efforts to talk it up. <<<<<

I am aware of that belief and that has been brought to my attention in the past. The text book basicly refers to the 3-CROWs as a reversal pattern, but I consider it a continuation pattern. After the NAZ/NDX topped out at 5000 and already started its decline there were quite a few 3-CROWs which were successful.

I am not critisizing NISON, but I was not trained by a text book, but did get some tutoring from my grand uncle who used candlestics exclusively in the rice and spice trade in ASIA/S.E.ASIA, back around WWII. Also, Im not saying that he was that good either, since I believe he also forgot alot, regardless I wasnt trained by a text book.
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