Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 690.27

0.0%

Dec 26 4:00 PM EST

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To: GROUND ZERO™ who wrote (11743)	10/26/2010 12:14:44 AM
From: Chip McVickar	Read Replies (3) of 220771

mondays bar was a reversal bar... but not a key reversal day... when using candle sticks... it's called a "Cherry Bomb"... that's my definition.. chart wizzards probably call it a someth'n else... high percentage of follow through on this bar... might be good for a week or two down... with a cherry bomb...!!! note: this candle is a shooting star... not my "cherry bomb" that closes in the negative... but this star is still bearish

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