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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Bruce A. Thompson who wrote (10387)	1/19/2001 3:18:50 PM
From: Bruce A. Thompson	Read Replies (1) \| Respond to of 30051

Litwick calling SSTI today a Dark Cloud Cover Bearish Pattern: Reversal Trend: Bearish Reliability: High How to Identify it First day is a long white day Second day is black with an open above the high of the previous day Second day closes within but below the midpoint of the first day’s body What it Means In an uptrend the market gaps open, but loses ground to fall below the midpoint of the previous day. The Dark Cloud Cover pattern suggests an opportunity for the shorts to capitalize on the next day’s open: a warning sign to bullish investors. The Dark Cloud Cover pattern is the opposite of the Piercing line pattern.