Candlestick Charting--The unknown indicator Message Board

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

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To: Russell McGuire who wrote (1546)	3/11/1999 9:54:00 AM
From: Anaxagoras	of 1589

<<Would CNDSP be considered a "unique three river bottom" pattern?>> Hope I'm not budding in, but yes, it is such an example of that "extremely rare" pattern, as Nison refers to it. Moreover, I'm sure you noticed the [probable] tweezers bottom there. Did you also notice how it's sitting pretty much at the base of the unusually lone white candle back in January? Looks like a text book case of how the bottom of a long white is a support area. Very nice find. The problem for me is the very low average volume on this stock (49K or so). And there was massive volume on the down day compared to the average, well over 10x. I would guess that the downtrend is over, and so the pattern is flashing a good signal, but it looks to me like it would probably move sideways for a while. It will be fun to watch. Anaxagoras

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