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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: 16yearcycle who wrote (40671)3/13/2002 8:00:16 PM
From: ajtj99  Read Replies (1) of 99280
 
Eugene, by the time two weeks passes, we'll be in another trend, so I guess it's probably correct that they'll be shrugged off by then.

I'm questioning the validity of that pattern as it is formed entirely using static openings (previous day's close and AM open are the same). If you look at a linear chart and use your visual skills, you can see we actually had 2- doji stars and a red stick for the 3-days:

finance.yahoo.com

That makes me question the validity of the pattern. However, if the herd buys into it (and computers have a way of looking at these things at face value) maybe it will be treated as the real deal rather than a facsimile.

In 2-weeks we may be looking back at this rally as an options related anomaly, just like February. Who knows. It doesn't seem likely, but we're really in no-man's land right now.
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