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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: el paradisio who wrote (51399)	5/20/2000 3:47:00 PM
From: Casaubon	Read Replies (1) \| Respond to of 99985

don't forget, we are talking about the weekly stick. The bearish engulfing occurred the week of 4/10-4/14. The bullish marubozu occurred on the daily chart on 3/16 with a price range of 605 to 634. The support from that stick was tested on 4/14 and 4/17. I am not saying that the bearish engulfing engulfed the marubozu. I am saying the weekly engulfing stick consumed the prior three candles (3 weeks of gains). The bullish marubozu stick (low 605.02) offered support to that slide to within a point (long black candle from 4/14 had a low of 605.57)!