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Strategies & Market Trends : YEEHAW CANDIDATES

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To: Magnatizer who wrote (13111)	11/9/2005 2:12:45 PM
From: Galirayo	Read Replies (1) of 23958

[EDIT] Mag .. CandlePower by Nison does not really go into detail on the 8to10 other than to say that afterward .. expect a correction to the original trend ... which "MUST" be confirmed with a Powerful Reversal Candle Formation. Not a run of the mill one. [Those are my own words not a quote from the book] I've found it to be my favorite formation. As if you couldn't tell. :) I don't know if it's explained more in depth in his Newer books or not. His first one was not very replete with explanations. I just have looked at this particular pattern in depth everytime I find it. And of course they go in both directions .. New Price High .. and Low. Basically .. an Overbought or Oversold. I use 8to10nph and 8to10npl because it's so easily searched on SI .. It's basically My Baby. :^D siliconinvestor.com [EDIT] I like the DeCat .. or Dead Cat Bounce too. The 8to10 seems to work better when it falls into a Large % Gain OR Loss from the Bottom or Top. In the Case of BABY .. it went for 18 days .. before showing confirmation of a Top. This is not a Powerful Reversal Formation either. stockcharts.com Hope that helps. Ray

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