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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Susan G who wrote (32657)3/23/2002 7:48:30 AM
From: donald sew  Read Replies (2) of 52237
 
Susan,

Sorry for getting back so late, but I rarely check SI anymore other than when Im opening up the chat-room.

>>>> Was the 3 black crows on the SOX negated yesterday, or was the fact that the move did not extend to over 50% of the candle body make it still valid? <<<<

The 3-BLACK CROWs are far from being firmly negated. To totally negate the 3-BLACK CROWs the SOX would have to break above the the 1st CROW. As for the 50% level, my comment that once the 50% point was crossed then the 3-CROWs would START to lose reliability, but I never said that it would be completely negated. I guess I did not explain it clearly. The SOX did cross the 50% mark, but just intraday and closed below it. With using candlestick, Im mainly more concerned about the body, not the shadows, in this type of situation. I realise that some use the shadows, Im not one of them - in this case. Hope that explains it.

seeya
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