P&S and STO Death Blow's Message Board

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

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To: DebtBomb who wrote (25406)	1/22/2003 9:44:16 AM
From: Frederick Langford	Read Replies (1) of 30712

Posted by Donaldsew on Tuesday, January 21, 2003 - 5:44 pm: 3-BLACK CROWS Last FRIDAY we got IDENTICAL 3-BLACK CROWs on the SOX and NWX. Today we got IMPERFECT 3-BLACK CROWs on the DOW/SPX. Yes I realise they don't fit the textbook definition, but I don't always follow the textbook. A key issue with the 3-CROWs is that the 3-CROWs are similar in size, or that they get progressively larger (not in text-book, where DAY-2 is larger than DAY-1, and DAY-3 is larger than DAY-2). I would have preferred DAY-1 to have been a little larger, therefore I am calling them imperfect. Once the 3-CROWs pattern is completed, it is not uncommon to see some sort of a bounce before selling resumes/intensifies, especially since they are also arriving at the same time of the many CLASS 1 BUY signals

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