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Strategies & Market Trends : P&S and STO Death Blow's

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To: Jeff who wrote (8926)10/1/2002 9:57:51 PM
From: ig  Read Replies (1) of 30712
 
"...got some t/a to go with that call....you said you did..."

It's right where I left it, forever and ever:

Message 18037115

It says, in part:

1: A textbook example of a confirmed Inverted Hammer. The hammer was on Tuesday; the confirmation was today. A very strong candlestick reversal pattern. Starts with short-covering, pulls in the bottom-fishers, next thing you know you've got a breakneck bear-market rally on your hands.

2: We also had a rather divergent pivot on MACD. This often indicates the beginning of a very strong rally.

The same features are even more pronounced on NDX, and we can even throw in a nice stochastic divergence on the NDX weekly to boot.


ig
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