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Strategies & Market Trends : Galapagos Islands
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To: Bid Buster who wrote (25859)2/7/2003 4:31:55 PM
From: bramble88  Read Replies (1) of 57110
 
boom boom ..maybe more like a 'put put'? LOL.

Note that looking at the COMP hourly, a not uncommon symmetry suggests itself: the sharp drop from 1450s is followed by an unrelenting but more controlled descent thru today's close -often this pattern is completed with yet another sharp drop that in this case would take us near 1255-1260.

I think of it as a sort of yielding consolidation ;-)

Also- not sure how to interpret this in a predictive sort of way other than forboding general weakness, but on the daily SPX candles, is that a Three Black Crows plus one? I don't feel confident about reading 3 Black Crow scenarios, although am aware of the supposed negative import; maybe someone else can be more specific.
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