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Strategies & Market Trends : Raptor's Den II

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To: velociraptor_ who started this subject11/17/2003 12:02:46 PM
From: macavity  Read Replies (1) of 3432
 
A modern fairy tale.

Nikkei Rally 2003 - R.I.P.

"WHO HAS BEEN EATING MY PORRIDGE?"
Trendline break
share.esignal.com

"WHO HAS BEEN SITTING IN MY CHAIR?"
Consolidation
share.esignal.com

"WHO HAS BEEN SLEEPING IN MY BED?"
Reversal.
share.esignal.com

THIS IS A 10 WEEK+ ISLAND REVERSAL !!!

Never seen anything like that in an index.
Gap, Trap and Crap!

Forget your wedges and triangles, to me the island reversal is the most frightening pattern.
"Scooby-Doo! Where are you?"

If the gap does not reverse in a couple of days, we have 10 weeks worth of trapped longs looking for an exit, very soon.

The boy who cried "BULL".
quote.bloomberg.com

-macavity (The Boy who cried!)
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