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

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To: Monty Lenard who wrote (35951)5/13/2002 4:20:17 PM
From: TechTrader42  Read Replies (1) of 52237
 
Regarding the possible bullish rising two method pattern talked about earlier, there wasn't a close today above the long white candlestick from last week. You pointed out the possible harami, a small real body within the prior long black candlestick. That's what we were seeing early in the day. Isn't the candle too long now for a harami, or would you just say it has to be contained within the prior body? I know you make the rules less restrictive, based on experience.

Nison is interesting on the harami, saying it means "pregnant," with the small candlestick representing the baby. He doesn't seem to think it has high reliability as a reversal signal, but it is a reversal signal.
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