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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: JRI who wrote (39040)12/22/2000 12:54:28 PM
From: JRI  Read Replies (1) | Respond to of 42787
 
Looks like we're setting up an abandoned baby (if we end near highs)...my understanding of candlesticks is that that means short-term bullish (longer than just today)..

In late November/early December when we got the same thing (abandoned baby)...Greenspan speech day.......after that day, we had 2 days of selloffs of the abandoned baby-retracement- and then a surge up again....wonder if that pattern will hold here, and if so, that would mean the smart thing to do would be to sell the close (or any Monday spike open), wait for the retrace to play out, and then buy again...

Market looks unwilling to go down..



To: JRI who wrote (39040)12/22/2000 1:04:14 PM
From: dennis michael patterson  Respond to of 42787
 
Funny you should mention that possibility. I sold some positions hoping for a pullback, and it is not happening yet. I can wait. This looks good, for once