Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (92960)	7/25/2011 8:44:49 AM
From: GROUND ZERO™	Read Replies (1) of 94695

Right, but that's just one day... I would want to see some confirmation of that candle today, specifically, I would want to see the market close below today's opening, where ever that opening happens to be... if we open lower, then we'll have to close lower still... if so, then that would definitely increase the likelihood of a continued down trend, otherwise it could have been a one day wonder... candle stick patterns need to be read in groups or patterns of multiple days in order to reduce the risk... two consecutive candle stick days, the second confirming the first, significantly reduces the risk of the trade... GZ

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