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Strategies & Market Trends : Classic TA Workplace
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To: cybersaavy who wrote (131042)3/22/2006 4:44:24 PM
From: bcrafty  Read Replies (1) of 209892
 
cs, are you talking of an island reversal down or back up?

Either way, the move from 50 to 44ish isn't "a significant price percentage movement" in my book.

And even if those six points are a significant enough movement to some people, I'd still not play this potential setup: as Bulkowski says " . . . this pattern has the worst performance rank of any chart pattern – dead last – regardless of the breakout direction."
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