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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: Jenna who wrote (89317)3/21/2000 1:39:00 AM
From: Jenna  Read Replies (2) | Respond to of 120523
 
for tomorrow: NUHC the daily chart: marketgems.com broke out of descending triangle formation to the upside on Friday and moved above the 20 day moving average for a buy trigger.
Today the 10 minute chart would have given you a good daytrade. marketgems.com
Notice on both charts how reversals are usually conveyed by "doji", "Hammer", spinning tops, "Inverted Hammer" patterns.

The strategy being that when the opening and closing of a bar, whether it be a daily candlestick bar but more appropro a 10 or 15 minute bar, is the same you have a very good chance for a buying set up as a short term reversal could be imminent. This reversal can last for days by turning into a genuine pattern of three white soldiers, or a bullish engulfing or any continuation pattern of the original uptrend.