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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?


To: Jerry Olson who wrote (31628)8/25/1999 5:48:00 PM
From: donald sew  Read Replies (3) | Respond to of 44573
 
Jerry,

I was gone most of the day and did not get back until after 4:00, and I was surprised to see how strong the NAZ was.

However, as for the DOW, you had that LONG LEGGEG DOJI which you so astutely saw yesterday(ggggggg), which still contained todays upside movement, so it was not negated.

Additionally, we got an almost perfect HANGING MAN on the DOW today. So the the 2-day pattern for the DOW was:
DAY 1 = LONG LEGGED DOJI which implies indecision and is common at tops
DAY 2 = HANGING MAN, which is a good reversal signal by itself

Combining the 2, it appears that some sort of a reversal is setting up and should start as soon as tomorrow.

Additionally, I also have CLASS 1 SELL signals with the BUY-IN at tomorrows highs which I am suspecting may occur around late morning
or 2ish.

seeya