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

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To: robert b furman who wrote (11750)	10/26/2010 8:36:35 AM
From: Chip McVickar	of 221369

Bob... Thanks for the candle definition link.... I'd say the candle stick pattern that I've called a Cherry Bomb is closer to a Gravestone Doji... "The Bearish Gravestone Doji Pattern has more bearish implications than a Bearish Shooting Star Pattern." candlesticker.com However to be a true cherry bomb it has to close with a negative shadow... create a shadow below the open and closing below the open. Itis very high follow through at about 80% and I've documented it with chart research for myself. The gravestone doesn't call for the shadow and the inverted umbrella doesn't have the previous positive candle or negative shadow.

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