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Non-Tech : The Woodshed
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To: nspolar who wrote (5624)5/1/2004 9:43:39 AM
From: big guy  Read Replies (2) of 60907
 
<Not a candle man, but the intial full down body at beginning nullifies that, right?>

Here is what Nison in his book on candlesticks say. "The analyst would also like to see the real body of the first candlestick of the three crows pattern under the prior white session's high".

He also says the pattern presage lower prices if they appear at a high price level or after a mature advance.

This is also interesting. "An interesting aspect about these three crows is when the open of the second and third black candlesticks are at or very near the close of the prior black candlestick. This is referred to as identical three crows. It is regarded as especially bearish, but is a very rare pattern"

stockcharts.com[r,a]waclnyay[dc][pi!b50!d20,2][vc60][iUah12,26,9!Lb14!Ll14]&pref=G
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