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Strategies & Market Trends : TIMING INDEX MUTUAL FUNDS -- Ignore unavailable to you. Want to Upgrade?


To: pater tenebrarum who wrote (164)2/15/2000 3:49:00 PM
From: donald sew  Read Replies (1) | Respond to of 428
 
Heinz,

I did not mention it this time, but did several months ago, so I dont want you to get the feeling that Im making it up as I go. gggggggggggg

There are 2 3-DAY patterns. The one I mention the most is the one where DAY 1 is a strong move, then DAY-2 is flat, then DAY-3 is another strong move day similar to DAY-1. The reason I mentioned it so often was that in the past I use to hear that when the day after a strong move is flat many would say that there is no follow-thru.

However, the other 3-DAY PATTERN is DAY-1 is a strong move, then DAY-2 is another strong move in the same direction, then DAY-3 is FLAT.

hope that explains that.

Now if the DOW is flat will the NAZ/NDX bounce tomorrow. I am suspecting that the NAZ/NDX will bounce tomorrow and to support such belief we should be getting either a DRAGONFLY DOJI or HAMMER on the NAZ/NDX.

seeya