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Strategies & Market Trends : Strictly: Drilling II
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To: Bert who wrote (25924)1/17/2003 7:09:16 PM
From: aktony  Read Replies (1) of 36161
 
Dark-cloud cover candle. Not to belabor - or perhaps to belabor - a point, Nison says a dark-cloud cover candle is "a long white candlestick followed by a black candlestick that OPENS ABOVE the prior white candlestick's high." Today's dark candlestick did not open above the prior white candlestick's high. Nonetheless, it may signal a modest pullback as have recently similar candlestick patterns designated in the chart below. There is one alert signal, however, which did not occur in the earlier patterns and that is the 8 SMA crossing below the 20 SMA.

stockcharts.com[w,a]dacaynay[da][pb50!b8!b200!b20!f][iut!uya7,14,28!lh39,3!la8,17,9][j9616339,y]&listNum=3
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