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Non-Tech : The Woodshed
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To: crustyoldprospector who wrote (5632)5/1/2004 11:19:07 AM
From: Little Joe   of 60906
 
All of this discussion about crows coincides with my chart analysis which indicates that several similar patterns are appearing in many stocks. I went to Steve Nison's (he is the authority in my opinion) book "The Candlestick Course" and here is his comment on the three black crows formation.

"The next (referring to 3 black crows)candlestick formation appears only at high price levels or in the context of a mature uptrend. *** pattern consists of three black coandles that should close at or near their lows. The first candle appears NEAR the top of an uptrend that's already starting to roll over or move down. Each session's open should IDEALLY take place within the previous session's real body. ***pattern sends useful signals for long-term traders adn investors. ***

I think the formation is three black crows.

Little joe
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