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

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To: donald sew who wrote (17732)9/5/2001 10:09:25 AM
From: Paul Shread  Read Replies (2) of 52237
 
Don,

I thought yesterday's COMPX stick looked pretty ugly (upper shadow with a lower black body, completely engulfing the previous day, with a close below the previous day's low), so I went back to the September-April decline to see if I could find other examples. I found only two, on January 31 and February 13. January 31 was the start of a big decline, and the market rallied for two days after February 13 before selling off. Would seem to support your contention that any rally will be a brief one. Any name for that candlestick? I couldn't find one on Litwick.

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