Candlestick Charting--The unknown indicator Message Board

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Strategies & Market Trends : Candlestick Charting--The unknown indicator

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To: Greg McDaniel who wrote (1452)	12/10/1998 2:35:00 PM
From: John Lee CA	of 1589

Greg, This may not be "technically" an Upside Tasuki Gap because the third day did not close in the gap. I am not sure how important that is but in Greg Moriss' book he makes it a part of the Rules of Recognition. So according to this pattern, the down trend should continue? I also notice that there are 3 "Engulfing Bears" immediately before so I would be pretty sure the trend is continuing down. We could also watch to see if a Head and Shoulder is developing. It has the right shoulder and head and looks reasonable that it could complete the pattern. I do not know anything about this company but the charts don't look good for the near future. John Lee

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