NOK... without the BS Message Board

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Technology Stocks : NOK... without the BS

NOK 6.835

-1.1%

Nov 7 9:30 AM EST

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To: Lahcim Leinad who wrote (197)

8/30/2012 12:09:49 PM

From: Lahcim Leinad

of 580

Nokia Corp. (NOK) NYSE

Prelim. Bearish Price Obj. (Revised): 2.12
P&F Pattern: Long Tail Down

NOK flashed a long tail down alert, so it "might" make a reversal which I will not buy cause in my never humble opinion, NOK should have run UP today - ahead of the Sept 5. event (only 3 trading days left) - not DOWN:

Long Tail Down Reversal

X		X
X	O	X	O
X	O	X	O	X
X	O	X	O	X	O
X	O	X	O	X	O
X					O
					O
					O
					O
					O
					O
					O
					O
					O
					O
					O
					O
					O
					O
					O	X	? long tail down reversal
					O	X
					O	X
					O		? long tail down

This pattern is recognized when the prices drop 20 boxes or more. After such a steep decline, the first reversal provides a good trading opportunity, but the steep drop should give the buyer pause.

From: P&F Pattern Alerts - ChartSchool - StockCharts.com

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