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Strategies & Market Trends : Strictly: Drilling II

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To: isopatch who wrote (13890)6/5/2002 11:28:55 AM
From: Roebear  Read Replies (1) of 36161
 
isopatch,
Were it not for gap between today's open and yesterdays close on OSX, we would have very close to perfect three black crows forming in the OSX (providing it closes 95-96.

I feel the formation was modified by strong support in 100 area which had to be retested after break yesterday.

May be wrong in making excuses for 3 black crow pattern, but in any case it is a pseudo 3 black crow. So unless that last crow is negated today, this is one of the more reliable chart patterns and signifies considerable OSX downside.

But former support now resistance near 100 may be tested again (also not unusual 3 crow move to test into number 2).

Also suspect may see some wild swings in gold,

Best Regards,

Roebear
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