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Technology Stocks : Broadcom (BRCM)

BRCM 54.67

0.0%

Feb 9 4:00 PM EST

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To: Ibexx who wrote (6159)	1/31/2002 12:04:58 AM
From: boomerangadang	Read Replies (1) of 6531

Sure. Here's the scoop-- stockcharts.com and High Wave A High Wave is candlestick with a very long upper or lower shadow and a short real body. A group of these may forecast a reversal. The high wave candle is representative of indecisiveness. Neither the bulls nor the bears can gain control. This candle produces a relatively neutral value just above or below zero. They BOTH also had a Bullish Thrusting Line Formation-- candlestickshop.com and Candlestick Thrusting Line Pattern The Thrsting Line pattern is formed when a black candle is followed by a white candle that opens below the close of the previous black candle and is not able to close above the mid-point of the black candles body. This pattern is the reverse and inverse of the Incomplete Dark Cloud Cover pattern. The Thrusting Line pattern is not very common. It represents a potential bullish market reversal only when two of these patterns appear within a down trend. Conservative traders should wait for confirmation of this pattern before entering a market position. Confirmation of any bullish pattern occurs when the bullish pattern is followed by a white candle with a higher close, higher high and higher low. Much like the Incomplete Dark Cloud Cover pattern, the Thrusting Line pattern can form within a down trend as the market breathes. This is why confirmation of the Thrusting Line pattern is important for investors and why investors should attempt to gauge the markets conditions before acting on this pattern formation. Thrusting Line (TL) This pattern consists of a black candlestick followed by a white candlestick which closes below the mid-point, but within the range of the black candlestick's real body. In a downtrend, a Thrusting Line is bearish (unless two of these patterns appear within a few days of each other). In an uptrend, it is considered bullish. How's that for opposing views-- 2 say potentially bullish, 1 sez bear. ----- It all spells doji to me, uncertainty. And a low doji gets my attention for a bullish trend. Plenty of those and more to spare today...as well as gaps down. I've got an area marked out in the 39.80's for a move one way or another...if it gets there.

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