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: Jeff who started this subject	2/15/2003 7:02:41 AM
From: nsumir81	Read Replies (1) of 30712

ALMOST 3-line strike pattern on SPX..got one on NAZ? SPX failed to close above open of 3 sessions back ie Tuesday open or Monday close of 835.97 and failed to clear 10 d ema unlike the NAZ which did the 10 and 13 ema and now has the 20 ema at 1322 (the 1320-25 previous support)..so maybe the NAZ did the 3-line strike pattern. litwick.com Three-Line Strike Bearish Pattern: Continuation Trend: Bearish Reliability: Low How to Identify it Three long black days occur with consecutively lower closes The fourth day opens lower, but closes above the open of the first day What it Means The white day drives prices back to where they were at the start of the pattern. If the bearish trend was strong before the pattern, then it should continue.

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