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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Susan G who wrote (26549)12/26/2001 10:10:59 PM
From: TechTrader42  Read Replies (2) of 52237
 
From Nison: "The longer the height of the belt-hold candlestick line, the more significant it becomes."

Also: "If ... the market is at a low price area and a long bullish belt hold appears, it forecasts a rally."

I ain't sayin' there ain't gonna be a rally, cuz I have no idea on future prices (cuz I put Maria B. on mute), but you tell me whether it's a bullish belt hold based on Nison's definition. The Japanese name for it, he writes, is a sumo wrestling term: yorikiri. "It means pushing your opponent out of the ring while holding onto his belt."

Today, the opponent may have pushed SPX and COMPX out of the ring.
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