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Strategies & Market Trends : Strictly: Drilling II

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To: Paul Shread who wrote (16848)8/2/2002 7:40:18 PM
From: isopatch  Read Replies (1) of 36161
 
SOX broke support today

and completed 3 black crows.

stockcharts.com[w,a]dacayyay[dc][pd20,2!c50!f][vc60][iut!Ub20!Uh20,20]&pref=G

Know a few folks here recently went heavily long tech. They may get a chance to reduce their losses a bit.

We've often talked about the tendency - once the 3 crow formation is complete - for there to be at least a partial retrace of the 3 day point loss. If I'm not mistaken isn't the average rebound about 1/2 the 3 day drop?

Isopatch
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